Chief Commissioner of State Revenue v CCM Holdings Trust Pty Ltd; Chief Commissioner of State Revenue v CCT Motorway Company Nominees Pty Ltd [2014] NSWCA 42

Court of Appeal Supreme Court New South Wales Medium Neutral Citation: Chief Commissioner of State Revenue v CCM Holdings Trust Pty Ltd; Chief Commissioner of State Revenue v CCT Motorway Company Nominees Pty Ltd [2014] NSWCA 42 Hearing dates: 24 February 2014 Decision date: 07 March 2014 Before: Gleeson JA Decision: 2013/270858 1. The applicant's notice of motion filed 16 December 2013 be dismissed with costs. 2013/270865 1. The applicant's notice of motion filed 16 December 2013 be dismissed with costs. [Note: The Uniform Civil Procedure Rules 2005 provide (Rule 36.11) that unless the Court otherwise orders, a judgment or order is taken to be entered when it is recorded in the Court's computerised court record system. Setting aside and variation of judgments or orders is dealt with by Rules 36.15, 36.16, 36.17 and 36.18. Parties should in particular note the time limit of fourteen days in Rule 36.16.] Catchwords: CORPORATIONS - Application for leave to proceed against a company subject to a Deed of Company Arrangement pursuant to section 444E Corporations Act - Reasonably arguable grounds to support grant of leave - Whether would be futile or premature to grant leave to proceed EQUITY - Trusts and trustees - Liability of beneficiaries to indemnify trustee - Hardoon v Belilios principle PROCEDURE - When appeal lies - By leave of court - Threshold monetary value less than $100,000 - Failure to comply with filing of notice under r51.22 Uniform Civil Procedure Rules - Right of appeal to Supreme Court under Section 101(2)(r) of the Supreme Court Act Legislation Cited: Corporations Act 2001 s440D, 444E, 471B Duties Act 1997 s54(3), 163ZB(1)(i) Supreme Court Act 1970 s101(2)(r) Uniform Civil Procedure Rules 2005 r51.10(1), 51.22 Cases Cited: Attard v James Legal Pty Ltd [2010] NSWCA 311; 80 ACSR 585 Balkin v Peck (1998) 43 NSWLR 706 Causley v Countryside (No 3) Pty Ltd (NSW Court of Appeal, 2 September 1996, unreported) Capita Financial Group Ltd V Rothwells Ltd (1989) 15 ACLR 348 CCM Holdings Trust Pty Ltd v Chief Commissioner of State Revenue; CCT Motorway Company Nominees Pty Ltd v Chief Commissioner of State Revenue [2013] NSWSC 1072 Distinctive FX 9 Ltd v Statewide Developments Pty Ltd [2012] NSWCA 393 Distinctive FX 9 Pty Ltd V Statewide Developments Pty Ltd [2013] NSWCA 110 Global Partners Fund Ltd v Babcock & Brown Ltd (in liq) & Ors [2010] NSWCA 196; 79 ACSR 383 Hansen v Slattery Transport (NSW) Pty Ltd [2011] NSWCA 193 Hardoon v Belilios [1901] AC 118 Haviland v Joslow (No 4) Pty Ltd [1979] 2 NSWLR 318 J F Keir Pty Ltd v Brierley Management Systems Pty Ltd [2007] NSWSC 748 JW Broomhead (Vic) Pty Ltd (in liq) v JW Broomhead Pty Ltd (1985) 9 ACLR 593 Maher v Taylor [1984] 1 NSWLR 231 McLean v Burns Philp Trustee Co Pty Ltd (1985) 2 NSWLR 623 Meehan v Stockman's Australian Cafe (Holdings) Pty Ltd (1996) 22 ACSR 123 Ogilvie-Grant v East (1983) 7 ACLR 669 RWG Management Ltd v Commissioner for Corporate Affairs (Vic) [1985] VR 385 Sneddon v New South Wales [2012] NSWCA 351 Vagrand Pty Ltd (in liq) v Fielding (1993) 41 FCR 550 Viscariello v Bernsteen Pty Ltd (in liq) [2004] SASC 266 Category: Interlocutory applications Parties: 2013/270858 Chief Commissioner of State Revenue (Applicant) CCM Holdings Trust Pty Ltd (Respondent)