NSW Caselaw
Reported Decision : 73 ACSR 78
New South Wales Supreme Court
CITATION : Johnson v Hancock re Meditech Nursing Service & Skillforce Agency Pty Ltd [2009] NSWSC 685
HEARING DATE(S) : 26/05/09 Written Submissions: 09/07/09
JUDGMENT DATE : 23 July 2009
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
DECISION : Direction to be given to deed administrator to the effect that deed fund must be put into possession of liquidators. Terms of direction to be settled after considering question of deed administrator's lien and whether deed should be terminated.
CATCHWORDS : CORPORATIONS - voluntary administration - deed of company arrangement - deed fund held under control of deed of administrator - company later becomes subject to creditors' voluntary winding up - whether deed fund "property of" the company within s 501 - where deed of company arrangement has not brought about the creation of a trust - duty of company officers to put liquidators into possession of the company's property
LEGISLATION CITED : Corporations Act 2001 (Cth) - Part 5.3A, ss 9, 249B(1), 441(g), 444D, 444E, 444G, 445D(1)(g), 445D(2). 447D, 471A, 474, 478(1)(a), 491, 493, 494, 497, 499(4), 500(3), 501, 556 Income Tax Assessment Act 1936 (Cth), s 222AOE
CATEGORY : Principal judgment
Coad v Wellness Pursuit Pty Ltd [2009] WASCA 68; (2009) 71 ACSR 250 Commissioner of Taxation v All Suburbs Car Repairs Pty Ltd [1994] FCA 1393; (1994) 14 ACSR 753 Commissioner of Taxation v Bruton Holdings Pty Ltd [2008] FCAFC 184; (2008) 173 FCR 472 Commissioner of Taxation v Linter Textiles Australia Ltd [2005] HCA 20; (2005) 220 CLR 592 International Air Transport Association v Ansett Australia Holdings Ltd [2008] HCA 2; (2008) 234 CLR 151 Lombe v Wagga Leagues Club Ltd [2006] NSWSC 3; (2006) 53 ACSR 387 CASES CITED : Parker; Re Strongest Link Pty Ltd [2008] FCA 1007; (2008) 169 FCR 559 Parkview Constructions Pty Ltd v Tayeh [2009] NSWSC 186; (2009) 71 ACSR 65 Re Enhill Pty Ltd [1983] 1 VR 561 Re Jick Holdings Pty Ltd [2009] NSWSC 574 Re Suco Gold Pty Ltd (1983) 33 SASR 99 Re Wings-Aus Holdings Pty Ltd [2009] NSWSC 667 Uther v Federal Commissioner of Taxation [1947] HCA 45; (1947) 74 CLR 508 at 513
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