In the matter of Regional Planners Developments Co Pty Limited [2015] NSWSC 1996

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Regional Planners Developments Co Pty Limited [2015] NSWSC 1996 Hearing dates: 13 April 2015 Date of orders: 13 April 2015 Decision date: 13 April 2015 Jurisdiction: Equity - Corporations List Before: Brereton J Decision: Company reinstated and wound up; limitation period on actions of plaintiff against first defendant suspended. Catchwords: CORPORATIONS – deregistration – reinstatement of registration for purpose of winding up – winding up on just and equitable ground – where no directors acting and no likelihood of directors being appointed.

PROCEDURE – service – failure to comply with (CTH) Service and Execution of Process Act 1992 – where service required upon deregistered company – held, failure of effective service not a bar to matter proceeding.

CORPORATIONS – reinstatement of registration – suspension of limitation period on actions against company – whether (CTH) Corporations Act 2001, s 601AH(3)(d), confers jurisdiction to suspend limitation period – discretion to make order – whether deregistration practically precluded plaintiff from instituting proceedings. Legislation Cited: (CTH) Corporations Act 2001, s 446, s 461(1)(k), s 601AB, s 601AH(2), s 601AH(3) (CTH) Service and Execution of Process Act 1992 (UK) Companies Act 1948, s 353(6) Cases Cited: Australian Securities Commission v AS Nominees Limited (1995) 62 FCR 504; Australian Securities and Investments Commission v ABC Fund Managers Limited (2001) 39 ACSR 443 Australian Securities and Investments Commission v Green Pacific Energy Limited (2006) 59 ACSR 142 Australian Securities and Investments Commission v West (2008) 66 ACSR 143 Australian Securities and Investments Commission, in the matter of Storm Financial Limited (Receivers and Managers Appointed) (Administrators Appointed) v Storm Financial Limited (Receivers and Managers Appointed) (Administrators Appointed) (2009) 71 ACSR 81 Storm Financial Limited (receivers and managers appointed) (in liq) v Victorian Families Retirement & Investment Group Pty Limited (No 2) (2009) 71 ACSR 295 CIC Insurance Limited (prov liq apptd) v Hannan & Co Pty Limited (2001) 38 ACSR 245 Official Trustee in Bankruptcy v Buffier (2005) 54 ACSR 767 Phelan v Ambridge Corp Pty Limited (2005) 55 ACSR 136 Re Donald Kenyon Limited [1956] 3 All ER 596 Re Rugby Auto Electric Services Limited (unreported, 14 December 1959, Roxburgh J) Re Huntingdon Poultry Limited [1969] 1 All ER 328 John Hammonds & Co Limited v Registrar of Companies [1999] 3 NZLR 690 Thornton Estates Limited v Registrar of Companies (2006) 3 NZCCLR 590 Re West (unreported, High Court (Napier), 15 May 2002, Ronald Young J) Skeates v Bruce [2008] NZCCLR 27 Solla v Scott [1982] 2 NSWLR 832 Harule Pty Ltd; Ex parte Olita Super Readymixed Concrete Pty Ltd (in liq) (1994) 13 ACSR 500 Deputy Commissioner of Taxation v Action Workwear Pty Ltd (deregistered) (1996) 20 ACSR 712 Lillecrapp v State of South Australia; Golden Eggs v State of SA (1996)14 ACLC 1540 Pagnon v Workcover Queensland [2001] 2 Qd R 492 Deputy Commissioner of Taxation v Action Workwear Pty Ltd (deregistered) (1996) 20 ACSR 712 Hutchinson v Australian Securities and Investments Commission [2001] VSC 465 Del Borello v Australian Securities and Investments Commission [2008] WASC 48 Category: Procedural and other rulings Parties: IPG Finance Australia Pty Ltd ACN 124 131 102 (plaintiff) Regional Planners Development Co Pty Ltd (deregistered) ACN 000 345 086 (first defendant) Australian Securities and Investments Commission (second defendant) Representation: Counsel: Mr Montsallem (plaintiff)