Workers Compensation Nominal Insurer v Perfume Empire Pty Ltd [2011] NSWSC 379

Supreme Court New South Wales

Medium Neutral Citation: Workers Compensation Nominal Insurer v Perfume Empire Pty Ltd [2011] NSWSC 379 Hearing dates: 2 May 2011 Decision date: 05 May 2011 Jurisdiction: Equity Division - Corporations List Before: Barrett J Decision: Plaintiff's interlocutory process seeking termination of voluntary administration dismissed Catchwords: CORPORATIONS - voluntary administration - application for order terminating administration - applicant is plaintiff under pending winding up summons - plaintiff/applicant contends that preference recoveries for the benefit of creditors in a winding up will potentially be greater if the administration is terminated before a winding up order is made - consequent desire of plaintiff/applicant to avoid winding up by resolution of creditors in the administration or by order of the court while the administration subsists - potentially greater returns for creditors through preference recoveries is the only ground on which application for termination of administration is advanced - not a sufficient ground for the exercise of s 447A jurisdiction Legislation Cited: Corporations Act 2001 (Cth), Part 5.3A, Part 5.7B, ss 9, 436A, 447A, 513A, 513B Cases Cited: Aloridge v Christianos (1994) 13 ACSR 99 Australasian Memory Pty Ltd v Brien [2000] HCA 30; (2000) 200 CLR 270 Blacktown City Council v Macarthur Telecommunications Pty Ltd [2003] NSWSC 883; (2003) 47 ACSR 391 Brett Southern v Heartwood Architectural Timber & Joinery Pty Ltd [2008] QSC 354 Cawthorn v Keira Constructions Pty Ltd (1994) 33 NSWLR 607 Foti v P&S Investments Pty Ltd [2009] FCA 1409 Plumbers Supplies Co-operative Limited v Firedam Civil Engineering Pty Limited [2011] NSWSC 325 Re Sons of Gwalia Ltd; Ex parte Love [2008] WASC 75; (2008) 66 ACSR 253 Rodgers v Radly [2000] VSC 570; (2000) 160 FLR 85 Spacorp Australia Pty Ltd v Fitzgerald [2001] VSC 61; (2001) 19 ACLC 979 St Leonards Property Pty Ltd v Ambridge Investments Pty Ltd [2004] NSWSC 851; (2004) 50 ACSR 443 Workers Compensation Nominal Insurer v Perfume Empire Pty Ltd [2011] NSWSC 299 Category: Interlocutory applications Parties: Workers Compensation Nominal Insurer - Plaintiff Perfume Empire Pty Ltd - Defendant Representation: Counsel: Mr J T Johnson - Plaintiff Mr P M Stern - Defendant Mr D M Jay - Deputy Commissioner of Taxation Solicitors: P H Legal - Plaintiff Addisons - Defendant ATO Legal Services Branch - Deputy Commissioner of Taxation File Number(s): 2011/39721