In the matter of Clarecastle Pty Ltd (in liq) - Kassem and Secatore as liquidators of Clarecastle Pty Ltd (in liq) In the matter of ACN 050 070 463 Pty Ltd (in liq) - Kassem and Secatore as liquidators of ACN 050 070 463 Pty Ltd (in liq) [2011] NSWSC 1081

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Clarecastle Pty Ltd (in liq) - Kassem and Secatore as liquidators of Clarecastle Pty Ltd (in liq) In the matter of ACN 050 070 463 Pty Ltd (in liq) - Kassem and Secatore as liquidators of ACN 050 070 463 Pty Ltd (in liq) [2011] NSWSC 1081 Hearing dates: 6 September 2011 Decision date: 13 September 2011 Jurisdiction: Equity Division - Corporations List Before: Ward J Decision: Orders made as to costs and to give effect to earlier judgment on liquidators' applications for extension of time under s 588FF(3)(b) of the Corporations Act 2001 (Cth) Catchwords: COSTS - relevant event for purposes of general rule as to costs orders - exercise of discretion where mixed outcome on hearing - whether order should be made as to reserved costs of earlier adjourned hearing date - HELD - costs orders made to reflect mixed outcome in one set of proceedings - reserved costs to follow ordinary rule - CORPORATIONS - orders to be made on application for leave pursuant to s 588FF(3)(b) of the Corporations Act 2001 (Cth) to extend the time to bring claims in relation to voidable transactions under s 588FF(1) - consideration as to whether s 588FF(3) permits exercise of power of amendment under rules if voidable transaction claim otherwise out of time - HELD - not necessary to determine issue as to reasoning in Rodgers and New Cap applicable - orders should be framed to reflect applications as heard but not otherwise preclude any application for amendment under Rules in other proceedings or to preclude arguments Jasmic parties might seek to raise thereon Legislation Cited: Civil Procedure Act 2005 (NSW) Corporations Act 2001 (NSW) Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Australian Securities Commission v Marlborough Gold Mines Ltd [1993] HCA 15; (1993) 177 CLR 485 Bostik Australia Pty Limited v Liddiard (No 2) [2009] NSWCA 304, Bowen Investments Pty Limited v Tabcorp Holdings Limited (No 2) [2008] FCAFC 107 BP Australia Limited v Brown [2003] NSWCA 216; (2003) 58 NSWLR 322 Davies v Chicago Boot Co Pty Ltd (No 2) [2007] SASC 12; (2007) 61 ASCR 289 Dodds Family Investments Pty Limited (formerly Solar Tint Pty Limited) v Lane Industries Pty Limited (1993) 26 IPR 261 Fexuto Pty Limited v Bosnjak Holdings Pty Limited (No 3) (1998) 30 ACSR 20 Golding v Vella (No 2) [2001] NSWSC 731 Gordon v Tolcher in his capacity as liquidator of Senafield Pty Limited (in liq) [2006] HCA 62; (2006) 231 CLR 334 Greig v Stramit Corporation Pty Limited [2004] Qd R 17; [2003] QCA 298 Hodge v TCN Channel 9 (No 2) [2006] NSWSC 1272 Hughes v Western Australian Cricket Association (Inc) (1986) 8 ATPR 40-748 Idoport Pty Limited v National Australia Bank Limited and Ors, Idoport Pty Limited v Donald Robert Argus [2007] NSWSC 23 James v Surf Road Nominees Pty Limited (No 2) [2005] NSWCA 296 Lavender View Regency Pty Limited v North Sydney Council (No 2) [1999] NSWSC 775 Leallee v Commissioner of the NSW Department of Corrective Services [2009] NSWSC 518 Leue v Reynolds (1986) 4 NSWLR 590 LMI Australasia Pty Limited v Baulderstone Hornibrook Pty Ltd (No 2) [2002] NSWSC 72 Mephistopheles Debt Collection Service (a Firm) v Lotay [1994] 1 WLR 1064 New Cap Reinsurance Corp v Reaseguros Alianza SA [2004] NSWSC 787; (2004) 186 FLR 175 Oshlack v Richmond River Council [1998] HCA 11; (1998) 193 CLR 72 Owners Strata Plan No 64970 v Austruc Constructions Limited (No 5) [2010] NSWSC 586 Rambaldi v Dallbrook Pty Limited [2003] VSC 163; (2003) 21 ACLC 1190 Roache v News Group Newspapers Limited [1992] TLR 551 Rodgers v Federal Commissioner of Taxation (1998) 158 ALR 220; 29 ACSR 270 Sahab Holdings Pty Limited v Registrar-General and Anor [No 3] [2010] NSWSC 403 Standard Commodities Pty Limited v Societe Socinter Department Centragel [2005] NSWSC 493; (2005) 54 ACSR 496 Star v National Australia Bank Ltd [1999] NSWSC 305; (1999) 30 ACSR 583 Timms v Clift [1998] 2 Qd R 100 Trade Practices Commission v Nicholas Enterprises Pty Limited (No 3) (1979) 42 FLR 213 Uniline Australia Limited (ACN 010 752 057) v Sbriggs Pty Limited (ACN 007 415 518) and Another (No 2) [2009] FCA 920; (2009) 82 IPR 56 Windsurfing International Incorporated v Petit (1987) AIPC 90-441 Category: Costs Parties: (10/081756) Ozem Kassem and Bruno Secatore as liquidators of Clarecastle Pty Ltd (in liq)(First Plaintiff) Clarecastle Pty Ltd (in liq)(Second Plaintiff) Jasmic Nominees Pty Ltd and Mr and Mrs Shea (Jasmic Interested Parties) Mr Ross Seller, Mr Patrick McCarthy and Grant McKenzie Pty Limited (Other Interested Parties (10/081786) Ozem Kassem and Bruno Secatore as liquidators of ACN 050 070 463 Pty Ltd (in liq)(First Plaintiff) ACN 050 070 463 Pty Ltd (in liq)(Second Plaintiff) Jasmic Nominees Pty Ltd and Mr and Mrs Shea (Jasmic Interested Parties) Representation: Counsel M Condon (Plaintiffs) D R Pritchard SC (Jasmic Interested Parties) Solicitors Sage Solicitors (Plaintiffs) Spinks Eagle Lawyers (Jasmic Interested Parties) File Number(s): 10/081756, 10/081786