In the matter of GHS Safety Products Pty Ltd [2019] NSWSC 668

Supreme Court New South Wales

Medium Neutral Citation: In the matter of GHS Safety Products Pty Ltd [2019] NSWSC 668 Hearing dates: 5 June 2019 Date of orders: 06 June 2019 Decision date: 07 June 2019 Jurisdiction: Equity - Corporations List Before: Rees J Decision: 1. Order pursuant to section 459A of the Corporations Act 2001 (Cth) that GHS Safety Products Australia Pty Ltd (ACN 112 732 073) be wound up in insolvency. 2. Appoint Peter Paul Krejci of BRI Ferrier (NSW) Pty Limited, Level 30, Australia Square, 264 George Street, Sydney, NSW 2000 to act as the liquidator of GHS Safety Products Australia Pty Ltd. 3. GHS Safety Products Australia Pty Ltd to pay the plaintiff's costs of these proceedings. Catchwords: CORPORATIONS — Winding up — Following failure to comply with statutory demand — Whether presumption of insolvency displaced — Barely sufficient cash at bank deposited before hearing — Credits and debts to ATO contingent upon favourable objection ruling — Evidence of imminent demand on guarantee given by company — Payment of plaintiff's debt after judgment reserved — Winding up order made. Legislation Cited: Corporations Act 2001 (Cth), ss 95A, 459A, 459C, 588FA, 588FE, 588FF Legal Profession Uniform Conduct (Barristers) Rules 201 Taxation Administration Act 1953 (Cth), s 8AAZLGA Cases Cited: Commonwealth Bank of Australia v Begonia Pty Ltd (1993) 11 ACLC 1075 De Montfort v Southern Cross Exploration NL (1987) 17 NSWLR 468; (1987) ACLR 850 Deputy Commissioner of Taxation v De Simone Consulting Pty Limited [2007] FCA 548 Deputy Commissioner of Taxation v Guy Holdings Pty Ltd (1994) 116 FLR 314; (1994) 14 ACSR 580 Expile Pty Limited v Jabb's Excavations Pty Limited (2003) 45 ACSR 711; [2003] NSWCA 163 Furlong v Wise & Young Pty Ltd [2016] NSWSC 647 Furlong v Wise & Young Pty Ltd [2016] NSWSC 1839 Furlong v Wise & Young Pty Ltd (No 2) [2018] NSWSC 1986 Texts Cited: Assaf, Statutory Demands: Law and Practice (1st ed., LexisNexis, 2008) Assaf, Statutory Demands and Winding Up in Insolvency (2nd ed., LexisNexis, 2012) Category: Principal judgment Parties: John Hyde Page (Plaintiff) GHS Safety Products Pty Ltd ACN 112 732 073 (Defendant) Representation: Counsel: Mr J Hyde Page (Plaintiff in person) Mr D Allen (Defendant)