Sydney Constructions & Developments Pty Ltd v Reynolds Private Wealth Pty Ltd [2016] NSWSC 1104

Supreme Court New South Wales

Medium Neutral Citation: Sydney Constructions & Developments Pty Ltd v Reynolds Private Wealth Pty Ltd [2016] NSWSC 1104 Hearing dates: 19 July 2016 Date of orders: 12 August 2016 Decision date: 12 August 2016 Jurisdiction: Equity Before: Barrett AJA Decision: 1. Order that the statutory demand dated 7 March 2016 served on the plaintiff by the defendant be set aside. 2. Order that the defendant pay the plaintiff's costs of the proceedings. Catchwords: CORPORATIONS – winding up – statutory demand – application for order setting aside – jurisdiction – need for s 459G application to be made not later than 21 days after service of statutory demand – statutory demand served by post – no party adduces evidence of time of receipt – whether plaintiff bound to adduce such evidence to establish jurisdictional fact – held plaintiff not so bound

CORPORATIONS – winding up – statutory demand – application for order setting aside – whether genuine dispute about existence of debt Legislation Cited: Acts Interpretation Act 1901 (Cth) Conveyancing Act 1919 (NSW) Conveyancing Amendment (Rule in Pigot's Case) Act 2001 (NSW) Corporations Act 2001 (Cth) Evidence Act 1995 (NSW) Judiciary Act 1903 (NSW) Cases Cited: Chaplin v Hicks [1911] 2 KB 786 D B Mahaffy and Associates Pty Ltd v Mahaffy [2010] NSWSC 881 David Grant & Co Pty Ltd v Westpac Banking Corporation [1995] HCA 43; 184 CLR 265 Derma Pharmaceuticals Pty Ltd v HSBC Bank Australia Ltd [2005] SASC 48; (2005) 188 FLR 373 Emhill Pty Ltd v Bonsoc Pty Ltd [2004] VSC 322; (2004) 50 ACSR 305 Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 Five G Pty Ltd v Pinacle Funding Group Pty Ltd [2008] NSWSC 228; 216 FLR 188 Helkeast Pty Ltd v Metro Properties (ACT) Pty Ltd [2006] ACTSC 12 Henry Pigot's Case (1614) 11 Co Rep 26(b); 77 ER 1177 Jones v Dunkel [1959] HCA 8; 101 CLR 298 Paciocco v Australia and New Zealand Banking Group Limited [2016] HCA 28 R J & M Bezzina Pty Ltd v Saxby Bridge Mortgages Pty Ltd [2004] NSWCA 211 Re Ege Foods Australia Pty Ltd [2014] NSWSC 983; 286 FLR 439 Re Watson Road Moss Vale Developments Pty Ltd [2013] NSWSC 783 Scope Data Systems Pty Ltd v Goman as Representative of the Partnership BDO Nelson Parkhill [2007] NSWSC 278; 70 NSWLR 176 Category: Principal judgment Parties: Plaintiff – Sydney Constructions & Developments Pty Ltd trading as Sydney Constructions & Developments Pty Ltd ACN 147 549 102 Defendant – Reynolds Private Wealth Pty Ltd trading as Reynolds Private Wealth Pty Ltd ACN 603 111 660 Representation: Counsel: Plaintiff – D Nagle with P Madden Defendant – PG Cutler