Sydney Recycling Park Pty Ltd v Cardinal Group Pty Ltd (in liq) [2016] NSWCA 329

Court of Appeal Supreme Court New South Wales Medium Neutral Citation: Sydney Recycling Park Pty Ltd v Cardinal Group Pty Ltd (in liq) [2016] NSWCA 329 Hearing dates: 24 June 2016 Decision date: 29 November 2016 Before: Bathurst CJ at [1]; Beazley P at [123]; Ward JA at [163]; Payne JA at [1]; Bergin CJ in Eq at [164] Decision: (1) Leave to appeal granted.

(2) Direct the appellant to file the notice of appeal in the form of the draft notice of appeal dated 9 February 2016 within 7 days.

(3) Appeal dismissed.

(4) Appellant pay the Respondents' costs as assessed or agreed. Catchwords: CORPORATIONS – winding up – voidable transactions – Corporations Act 2001 (Cth), s 588FF(1) empowers court to make orders in respect of voidable transactions upon the application of a company's liquidator – s 588FF(3) imposes time limit for bringing of application – whether time limit in s 588FF(3) applies in relation to each individual transaction that the liquidator seeks to impugn

CORPORATIONS – winding up – voidable transactions – application for orders pursuant to Corporations Act 2001 (Cth), s 588FF(1) in respect of voidable transactions – procedural conduct of matters left to state law – whether Civil Procedure Act 2005 (NSW), ss 64 and 65 "picked up" by Judiciary Act 1903 (Cth), s 79 – whether Corporations Act, s 588FF(3) "otherwise provides" such that powers of amendment under Civil Procedure Act not "picked up" Legislation Cited: Civil Procedure Act 2005 (NSW) ss 64, 65 Corporations Act 2001 (Cth) ss 9, 588FA, 588FB, 588FC, 588FD, 588FDA, 588FE, 588FF, 1337B Corporations Amendment (Insolvency) Act 2007 (Cth) Corporations Law ss 588FF, 588M, 588R, 592 District Court Rules 1973 (NSW) Pt 18 r 9 Federal Court Rules 1979 (Cth) O 13 r 2 Judiciary Act 1903 (Cth) s 79 Supreme Court (Corporations) Rules 1999 (NSW) Supreme Court Rules 1987 (SA) r 53.01 Uniform Civil Procedure Rules 2005 (NSW) r 36.16 Cases Cited: Alcan (NT) Alumina Pty Ltd v Commissioner of Territory Revenue (Northern Territory) (2009) 239 CLR 27; [2009] HCA 41 Aon Risk Services Australia Limited v Australian National University (2009) 239 CLR 175; [2009] HCA 27 Bendigo Regional Institute of Technical and Further Education v Barclay (2012) 248 CLR 500; [2012] HCA 32 BP Australia Ltd v Brown (2003) 58 NSWLR 322; [2003] NSWCA 216 Campbell Street Theatre Pty Ltd (Rec and Mgr appointed) (in liq) v Commercial Mortgage Trade Pty Ltd [2012] NSWSC 669 Capital Finance Australia Ltd v Tolcher [2007] FCAFC Certain Lloyd's Underwriters Subscribing to Contract No IH00AAQS v Cross (2012) 248 CLR 378; [2012] HCA 56 Davies v Chicago Boot Co Pty Ltd (No 2) (2007) 96 SASR 164; [2007] SASC 12 Farah Constructions Pty Ltd v Say-Dee Pty Ltd (2007) 230 CLR 89; [2007] HCA 22 Federal Commissioner of Taxation v Consolidated Media Holdings Ltd (2012) 250 CLR 503; [2012] HCA 55 Fernance v Nominal Defendant (1989) 17 NSWLR 710 Fortress Credit Corporation (Australia) II Pty Limited v Fletcher (2015) 254 CLR 489; [2015] HCA 10 Gordon v Tolcher in his capacity as liquidator of Senafield Pty Ltd (in liq) (2006) 231 CLR 334; [2006] HCA 62 Grant Samuel Corporate Finance Pty Limited v Fletcher; JPMorgan Chase Bank, National Association v Fletcher (2015) 254 CLR 477; [2015] HCA 8 Greig v Stramit Corporation Pty Ltd [2004] 2 Qd R 17; [2003] QCA 298 Project Blue Sky Inc v Australian Broadcasting Authority (1998) 194 CLR 355; [1998] HCA 28 Quick v Stoland Pty Ltd (1998) 87 FCR 371; [1998] FCA 1200 Re Emanuel (No 14) Pty Ltd (in liq); Macks v Blacklaw & Shadforth Pty Ltd (1997) 147 ALR 281; 24 ACSR 292 Re Employ (No 96) Pty Ltd (in liq) (2013) 93 ACSR 48; [2013] NSWSC 61 Rodgers v Commissioner of Taxation (1998) 88 FCR 61 Tosich Construction Pty Ltd (in liq) v Tosich (1997) 78 FCR 363; 15 ACLC 1402 Texts Cited: Australian Law Reform Commission, General Insolvency Inquiry (Report No 45, 1988) Category: Principal judgment Parties: Sydney Recycling Park Pty Ltd (Applicant) Cardinal Group Pty Ltd (in liquidation) (First Respondent) Richard Andrew Stone and Peter William Marsden in their capacity as joint and several liquidators of Cardinal Group Pty Ltd (Second Respondent) Representation: Counsel: J C Giles SC; J Granger (Applicant) M K Condon SC; M A Karam; G P Gee (Respondents)