In the matter of Production Printing (Aust) Pty Ltd (in liquidation) [2017] NSWSC 505

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Production Printing (Aust) Pty Ltd (in liquidation) [2017] NSWSC 505 Hearing dates: 4 April 2017 Decision date: 02 May 2017 Jurisdiction: Equity - Corporations List Before: Black J Decision: The proceedings are dismissed with costs. Catchwords: PERSONAL PROPERTY – where lessor of personalty registered its security interest on the Personal Property Securities Register against the lessee's Australian business number rather than its Australian company number – where registration consequently defective – where lessee placed in administration – whether lessor's security interest temporarily perfected pursuant to Personal Property Securities Act 2009 (Cth) s 166 – whether lessor's security interest vested in the lessee. Legislation Cited: - Acts Interpretation Act 1901 (Cth), ss 15AA, 15AB(1) - Commonwealth Constitution, s 51(xxxi) - Corporations Act 2001 (Cth), ss 513B(b), 513C, 588FL–588FM - Judiciary Act 1903 (Cth), s 78B - Personal Property Securities Act 2009 (Cth), ss 12(2)(i), 13–14, 19–21, 153, 159–160, 163–166, 293(1), 252B, 267, 293 - Personal Property Securities Regulation 2010 (Cth), reg 5.5, Sch 1 cl 1.3 item 3 Cases Cited: - Alcan (NT) Alumina Pty Ltd v Commissioner of Territory Revenue [2009] HCA 41; (2009) 239 CLR 27 - Certain Lloyd's Underwriters v Cross [2012] HCA 56; (2012) 248 CLR 378 - Erskine v Elan Media Partners Pty Ltd [2016] VSC 493 - Federal Commissioner of Taxation v Consolidated Media Holdings Ltd [2012] HCA 55; (2012) 250 CLR 503 - Power Rental Op Co Australia LLC v Forge Group Power Pty Ltd (in liq) (recs and mgrs apptd) [2017] NSWCA 8 - Project Blue Sky Inc v Australian Broadcasting Authority [1998] HCA 28; (1998) 194 CLR 355 - Re Accolade Wines Australia Ltd [2016] NSWSC 1023 - Re OneSteel Manufacturing Pty Ltd (admins apptd) [2017] NSWSC 21 Category: Principal judgment Parties: HP Financial Services (Australia) Pty Limited (Plaintiff) Production Printing (Aust) Pty Ltd (In Liquidation) (First Defendant) Production Printing Services Pty Ltd (Second Defendant) Representation: Counsel: A Leopold SDC/M. Rose (Plaintiff) S C Ipp (First Defendant – Liquidator)