In the Matter of Trussted Frames and Trusses Pty Ltd [2012] NSWSC 787

Supreme Court New South Wales

Medium Neutral Citation: In the Matter of Trussted Frames and Trusses Pty Ltd [2012] NSWSC 787 Hearing dates: 28 June 2012 Decision date: 28 June 2012 Jurisdiction: Equity Division - Corporations List Before: Brereton J Decision: Special leave to distribute surplus granted Catchwords: CORPORATIONS - external administration - special leave to distribute a surplus -meaning of special leave - interim distribution - circumstances in which interim distribution is appropriate - requirement to annex Form 551 to order - power to dispense with requirement for Form 551 - circumstances in which Form 551 can be dispensed with Legislation Cited: (Cth) Corporations Act 2001, 485(2), s 488 (NSW) Supreme Court (Corporations) Rules 1999, r 2.11, r 7.9, r 7.10 (Cth) Corporations Regulations 2001, cl 5.6.39, cl 5.6.71 Cases Cited: Re Klaus Maertin Pty Ltd (In Liq) [2009] NSWSC 618; (2009) 232 FLR 239 Re DS Millard & Son Pty Ltd (1997) 24 ACSR 71 Brealey v Shields [2009] NSWSC 1148 Re FAI Car Owners Mutual Insurance Co Pty Ltd [2009] NSWSC 1350; (2009) 76 ACSR 164 Category: Interlocutory applications Parties: Alexander James Shaw (applicant/liq'r) Norman Gilsenan (p1) Trussted Frames & Trustees (Holdings) P/L (d1) Trussted Frames & Trustees (Tamworth) P/L (d2) Comtao P/L (d3) Steven John Veale (d4) Lana Sue Veale (d5) Hilton James Smith (d6) Ann Smith (d7) Representation: M R Hall (applicant/liquidator) Ex parte Turnbull Hill (applicant/liquidator) Matthews Folbigg (plaintiffs) Harris Wheeler (defendants) File Number(s): 2009/ 288190