In the matter of AAA Financial Intelligence Ltd (in liquidation) ACN 093 616 445 [2014] NSWSC 1004

Supreme Court New South Wales

Medium Neutral Citation: In the matter of AAA Financial Intelligence Ltd (in liquidation) ACN 093 616 445 [2014] NSWSC 1004 Hearing dates: 21 July 2014 Decision date: 25 July 2014 Jurisdiction: Equity Division - Corporations List Before: Brereton J Decision: Directions for notice to persons interested Catchwords: CORPORATIONS - External administration - winding up - liquidator's applications - application for directions - liquidator's remuneration - entitlement to remuneration out of assets held by company on trust - fixing remuneration Legislation Cited: (CTH) Corporations Act 2001, s 436A, s 439C, s 473, s 511 (NSW) Trustee Act 1925, s 60, s 63 (SA) Trustee Act 1936, s 29 Cases Cited: 13 Coromandel Place Pty Ltd v CL Custodians Pty Ltd (in liq) (1999) 30 ACSR 377 Alphena Pty Ltd (in liq) v PS Securities Pty Ltd atf Joseph Family Trust [2013] NSWSC 447; (2013) 94 ACSR 160 Australian Securities and Investments Commission v Rowena Nominees Pty Ltd (in liq) [2006] WASC 36; (2006) 56 ACSR 673 Bastion v Gideon Investments Pty Ltd (in liq) (2000) 35 ACSR 466 Berkeley Applegate (Investment Consultants) Ltd; Harris v Conway [1989] Ch 32 Grime Carter & Co Pty Limited v Whytes Furniture (Dubbo) Pty Limited [1983] 1 NSWLR 158 In re MF Global Australia Ltd (in liq) (No 2) [2012] NSWSC 1426 In the matter of North Food Catering Pty Ltd [2014] NSWSC 77 Re Anderson Group Pty Ltd [2002] NSWSC 764; (2002) 20 ACLC 1607 Re Application of Sutherland [2004] NSWSC 798; (2004) 50 ACSR 297 Re French Caledonia Travel Service Pty Ltd (in liq) [2003] NSWSC 1008; (2003) 59 NSWLR 361; 48 ACSR 97 Re GB Nathan & Co Pty Ltd (in liq) (1991) 24 NSWLR 674 Re Greater West Insurance Brokers Pty Ltd [2001] NSWSC 825; (2001) 39 ACSR 301 Re Suco Gold Pty Limited (1993) 33 SASR 99; 7 ACLR 873 Re Sutherland; Re French Caledonia Travel Service Pty Ltd (in liq) [2003] NSWSC 1008; (2003) 59 NSWLR 361; 48 ACSR 97 Re Universal Distributing Co Ltd (in liq) (1933) 48 CLR 171 Re Wm Rose & Co Ltd (1897) 3 ALR (CN) 65 Trio Capital Ltd (Admin App) v ACT Superannuation Management Pty Ltd [2010] NSWSC 941; (2010) 79 ACSR 425 Category: Interlocutory applications Parties: Bradley John Tonks and John Vouris in their capacity as liquidators of AAA Financial Intelligence Ltd (plaintiffs) Representation: Counsel: D.L. Cook (plaintiffs) Solicitors: Norton Rose Fulbright Australia (plaintiffs) File Number(s): 2014/200292