In the matter of Tesrol Holdings Pty Ltd [2013] NSWSC 1534

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Tesrol Holdings Pty Ltd [2013] NSWSC 1534 Hearing dates: 20 September 2013 Decision date: 31 October 2013 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Orders made for originating process to be dismissed and plaintiff to pay defendant's costs of the proceedings. Catchwords: CORPORATIONS - statutory demands - application to set aside a statutory demand under ss 459G(1), 459H(1)(a), 459J(1)(b) Corporations Act 2001 (Cth) - whether genuine dispute established - whether sufficient basis for dispute over receivers' fees to constitute a 'genuine dispute' - application of Graywinter principle - whether the court should exercise its discretion to vary the demand - whether the statutory demand should be set aside for some other reason under s 459J Corporations Act 2001 (Cth) - whether Graywinter principle applies to restrict matters that can be relied upon to form the basis of 'some other reason' - whether error in supporting affidavit is such that the demand should be set aside for 'some other reason'. Legislation Cited: - Corporations Act 2001 (Cth) ss 459G, 459G(1), 459G(3), 459H, 459H(1)(a), 459H(2), 459H(3), 459H(4), 459J, 459J(1)(b), 459S - Evidence Act 1995 (NSW) s 136 - Supreme Court (Corporations) Rules 1999 (NSW) rr 1.3, 5.2 - Supreme Court Rules 1970 (NSW) Pt 80A r 15 Cases Cited: - AGC (Advances) Ltd v West (1984) 5 NSWLR 301 - Aussie Vic Plant Hire Pty Ltd v Esanda Finance Corporation Ltd [2007] VSC 121; (2007) 61 ACSR 300 - B & M Quality Constructions Pty Ltd v Buyrite Steel Supplies Pty Ltd (1994) 15 ACSR 433 - Britten-Norman Pty Ltd v Analysis & Technology Australia Pty Ltd [2013] NSWCA 344 - Central City Pty Ltd v Montevento Holdings Pty Ltd [2011] WASCA 5 - Chadwick Industries (South Coast) Pty Ltd v Condensing Vaporisers Pty Ltd (1994) 13 ACSR 37 - Commonwealth Bank of Australia v Garuda Aviation Pty Ltd [2013] WASCA 61; (2013) 93 ACSR 168 - Edge Technology Pty Ltd v Lite-On Technology Corporation [2000] NSWSC 471; (2000) 34 ACSR 301 - Equuscorp Pty Ltd v Perpetual Trustees WA Ltd (1997) 25 ACSR 675 - Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 - First State Consulting Pty Ltd v Kyling (1995) 13 ACLC 939 - Fitness First (Australia) Pty Ltd v Dubow [2011] NSWSC 605 - Graywinter Properties v Gas and Fuel Corp Superannuation Fund (1996) 70 FCR 452; (1996) 21 ACSR 581 - Hopetoun Kembla Investments Pty Ltd v JPR Legal Pty Ltd [2011] NSWSC 1343; (2011) 87 ACSR 1 - Infratel Networks Pty Ltd v Gundry's Telco & Rigging Pty Ltd [2012] NSWCA 365; (2012) 92 ACSR 27 - John Holland Construction and Engineering Pty Ltd v Kilpatrick Green Pty Ltd (1994) 14 ACSR 250 - Meehan v Glazier Holdings Pty Ltd [2005] NSWCA 24 - Mibor Investments Pty Ltd v Commonwealth Bank of Australia [1994] 2 VR 290; (1993) 11 ACSR 362 - NA Investments Holdings Pty Ltd v Perpetual Nominees Ltd [2010] NSWCA 210; (2010) 79 ACSR 544 - Panel Tech Industries (Australia) Pty Ltd v Australian Skyreach Equipment Pty Ltd (No 2) [2003] NSWSC 896 - Portrait Express (Sales) Pty Ltd v Kodak (A'Asia) Pty Ltd (1996) 20 ACSR 746; (1996) 14 ACLC 1095 - Re Hoatson Maxwell (No 1) Pty Ltd [2012] NSWSC 563 - Re Morris Catering (Australia) Pty Ltd (1993) 11 ACSR 601; 11 ACLC 919 - Re 2 Roslyn Street Pty Ltd [2011] NSWSC 512 - Re UGL Process Solutions Pty Ltd [2012] NSWSC 1256 - TR Administration Pty Ltd v Frank Marchetti & Sons Pty Ltd [2008] VSCA 70; (2008) 66 ACSR 67 Category: Principal judgment Parties: Tesrol Holdings Pty Ltd (Plaintiff) Westpac Banking Corporation (Defendant) Representation: Counsel: G.D. McDonald (Plaintiff) J. Williams (Defendant) Solicitors: Malcolm Johns & Company (Plaintiff) Allens (Defendant) File Number(s): 2013/102554