Verimark Pty Ltd v Passiontree Velvet Pty Ltd [2019] NSWSC 455

Supreme Court New South Wales

Medium Neutral Citation: Verimark Pty Ltd v Passiontree Velvet Pty Ltd [2019] NSWSC 455 Hearing dates: 1 April 2019 Date of orders: 26 April 2019 Decision date: 26 April 2019 Jurisdiction: Equity Before: Ward CJ in Eq Decision: 1. Set aside the statutory demand served on the plaintiff on 21 February 2019. 2. The defendant to pay the plaintiff's costs of this application. Catchwords: CORPORATIONS – Statutory Demand – application to set aside – whether application to set aside was made "within 21 days" – genuine dispute – offsetting claim Legislation Cited: Acts Interpretation Act 1901 (Cth), s 36 Acts Interpretation Act 1987 (NSW), s 36 Corporations Act (2001) (Cth), ss 105, 109X, 459C, 459G, 459H, 459J, Pt 5.4 Justices Act 1902 (NSW), s 107 Legal Profession Act 2004 (NSW), Div 11 of Pt 3.2 Legal Profession Uniform Law Application Act 2014 (NSW), s 71, cl 4 of Sch 2 Uniform Civil Procedure Rules 2005 (NSW), rr 10, 36.17, 42.7 Cases Cited: ACN 001 891 103 Pty Ltd v Reiby Street Apartments Pty Ltd [2007] NSWSC 1345 Alternative Engine Technologies Pty Limited v Kruger Ventures Pty Limited (No 2) [2010] SASC 60 Anderson Formrite Pty Ltd v CASC Hire Pty Ltd (2005) 147 FCR 379; (2006) 24 ACLRC 154; [2005] FCA 1424 Australian Beverage Distributors Pty Ltd v Evans & Tate Premium Wines Pty Ltd (2007) 69 NSWLR 374; [2007] NSWCA 57 Autumn Solar Installations Pty Limited v Solar Magic Australia Pty Limited [2010] NSWSC 463 Buddies Liquor Pty Ltd v Wah Lai Investment (Aust) Pty Ltd (2001) 19 ACLC 855; [2001] NSWSC 337 Callite Pty Ltd v Adams [2001] NSWSC 52 Chadwick Industries (South Coast) Pty Ltd v Condensing Vaporisers Pty Ltd (1994) 13 ACSR 37 David Grant & Co Pty Ltd v Westpac Banking Corporation (1995) 184 CLR 265; [1995] HCA 43 Edge Technology Pty Ltd v Lite-On Technology Corporation (2000) 34 ACSR 301; [2000] NSWSC 471 Elm Financial Services Pty Ltd v MacDougal [2004] NSWSC 560 Employers Mutual Indemnity (Workers Compensation) Ltd v Omni Corporation Pty Ltd (2009) 255 ALR 362; [2009] NSWSC 264 Eumina Investments Pty Ltd v Westpac Banking Corporation (1998) 84 FCR 454; (1998) 16 ACLC 1440 Eumina, Midas Management Pty Ltd v Equator Communications Pty Ltd (2007) 25 ACLC 1038; [2007] NSWSC 759; Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785; (1994) 12 ACLC 669 First State Computing Pty Ltd v Kyling; Equuscorp Pty Ltd v Perpetual Trustees WA Ltd (1997) 80 FCR 296; (1997) 26 ACSR Fitness First Australia Pty Ltd v Dubow (2011) 84 ACSR 296; [2011] NSWSC Goldspar Australia Pty Ltd v KWA Design Group Pty Ltd (1999) 17 ACLC 456 Graywinter Properties Pty Ltd v Gas & Fuel Corp Superannuation Fund (1996) 70 FCR 452; (1996) ACSR 581 Hansmar Investments Pty Ltd v Perpetual Trustee Ltd (2007) 61 ACSR 321; [2007] NSWSC 103 His Eminence Metropolitan Petar, Diocesan Bishop of the Macedonian Orthodox Church of Australia and New Zealand v The Macedonian Orthodox Community Church St Petka Incorporated (No 2) [2007] NSWCA 142 Hoare Bros Pty Ltd v Deputy Commissioner of Taxation (1996) 62 FCR 302; (1996) 135 ALR 677 Infact Consulting Pty Ltd v Kyle House Pty Ltd [2007] NSWSC 56 J & K Homes Pty Limited v Evans Lawyers [2017] QSC 24 Jesseron Holdings Pty Ltd v Middle East Trading Consultants Pty Ltd (No 2) (1994) 122 ALR 717; (1994) 13 ACSR 787 Macleay Nominees Pty Ltd v Belle Property East Pty Ltd [2001] NSWSC 743 Meehan v Glazier Holdings Pty Ltd (2005) 53 ACSR 229; [2005] NSWCA 24 Moutere Pty Ltd v Deputy Commissioner of Taxation (2000) 34 ACSR 533; [2000] NSWSC 379 NA Investment Holdings Pty Limited v Perpetual Nominees Limited [2010] NSWCA 210 Nunzio Berardi v Salvatore Russo t/as Russo & Partners [2015] NSWSC 1520 Panel Tech Industries (Australia) Pty Ltd v Australian Skyreach Equipment Pty Ltd (No 2) [2003] NSWSC 896 Pearl Bay Corp Pty Ltd v Lodur Pty Ltd [2000] WASC 315 Polstar Pty Ltd v Agnew (2007) 25 ACLC 293; [2007] NSWSC 114 Process Machinery Australia Pty Ltd v ACN 057 262 590 Pty Ltd [2002] NSWSC 45 Prowse v McIntyre (1961) 111 CLR 264; [1961] HCA 790 Re Aluminium Fast Ferries Australia Pty Ltd [2000] 2 Qd R 113 Re Morris Catering (Aust) Pty Ltd (1993) 11 ACSR 601 Re Softex Industries Pty Ltd (2001) 187 ALR 448; [2001] QSC 377 Roberts t/as Deacons v South East Asia Communications [2003] NSWSC 800 Rohalo Pharmaceutical Pty Ltd v RP Scherer SpA (1994) 15 ACSR 347 Saferack Pty Ltd v Marketing Heads Australia Pty Ltd (2007) 25 ACLC 1392; [2007] NSWSC 1143 Scope Data Systems Pty Ltd v BDO Nelson Parkhill (2003) 199 ALR 56; [2003] NSWSC 137 Sheraz Pty Ltd v Rumsley [2019] FCA 493 Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd (1997) 76 FCR 452; [1997] FCA 681 Standard Commodities Pty Ltd v Societe Socinter Department Centragel [2005] NSWSC 294; (2005) 54 ACSR 489; [2005] NSWSC 294 Tatlers.com.au Pty Ltd v Davis (2006) 203 FCR 473; [2006] NSWSC 1055 Tokich Holdings Pty Ltd v Sheraton Constructions (NSW) Pty Ltd (in liq) (2004) 185 FLR 130; [2004] NSWSC 527 V & M Davidovic Pty Ltd v Professional Services Group Pty [2012] NSWSC 134 Victor Tunevitsch Pty Ltd v Farrow Mortgage Services Pty Ltd (in liq) (1994) 14 ACSR 565 W & P Reedy Pty v Macadams Baking Systems (Pty) Ltd [2007] NSWCA 146 Woodgate v Garard Pty Ltd (2010) 78 ASCR 468; [2010] NSWSC 508 Texts Cited: R Austin and A Black, Austin & Black's Annotations to the Corporations Act (at 24 April 2019) Thomson Reuters Australia, McPherson's Law of Company Liquidation (at 23 April 2019) Category: Principal judgment Parties: Verimark Pty Ltd (Plaintiff) Passiontree Velvet Pty Ltd (Defendant) Representation: Counsel: JD Cook (Plaintiff) JR Dupree (Defendant)