In the matter of ReNu Waste Pty Limited [2020] NSWSC 108

Supreme Court New South Wales

Medium Neutral Citation: In the matter of ReNu Waste Pty Limited [2020] NSWSC 108 Hearing dates: 18 February 2020 Decision date: 21 February 2020 Jurisdiction: Equity - Corporations List Before: Rees J Decision: Dismiss application to set aside statutory demand with costs. Catchwords: CORPORATIONS — Statutory demand — Application to set aside on the basis of a genuine dispute – dispute whether debt due and payable – meaning of "due and payable" under section 459E of the Corporations Act 2001 (Cth) – interaction between section 459E, 459H(1)(a) and 459J of the Corporations Act 2001 (Cth) — right to rescind under section 9AE of the Sale of Land Act 1962 (Vic) – right to return of deposit moneys under section 9AF of the Sale of Land Act 1962 (Vic) – whether deposit moneys include moneys paid before entry into contract –whether oral agreement gave rise to "equities" precluding exercise of statutory right to rescind Legislation Cited: Corporations Act 2001 (Cth), ss 459E, 459E(1), 459G, 459H, 459H(1)(a), 459J, 459J(1), 459J(1)(a), 459J(1)(b), Pt 5.4 Instruments Act 1958 (Vic), s 126 Sale of Land Act 1962 (Vic), ss 2(1), 9AA(6), 9AE, 9AF(1)(b), 9AF(6) Cases Cited: A R Pilot Pty Ltd v Gouriotis [2007] NSWSC 396 AspectFP Pty Ltd v Messer [2019] VSC 249 Bahr v Nicolay (No 2) (1988) 164 CLR 604 at 654; [1988] HCA 16 Binshell Pty Limited v Broadway Australia Pty Limited [2002] NSWSC 54 Britten-Norman Pty Ltd v Analysis & Technology Australia Pty Ltd (2013) 85 NSWLR 601; [2013] NSWCA 344 Britten-Norman Pty Ltd v Analysis & Technology Australia Pty Ltd (2013) 85 NSWLR 601; [2013] NSWCA 344 Chase Manhattan Bank Australia Limited v Oscty Pty Limited [1995] FCA 1208; 17 ACSR 128 Chief Examiner v Brown (A Pseudonym) (2013) 44 VR 741 at 776; [2013] VSCA 167 Clifford v Solid Investments [2009] VSC 223 DTR Nominees Pty Ltd v Mona Homes Pty Ltd (1978) 138 CLR 423 at 434; (1978) 19 ALR 223; [1978] HCA 12 Eumina Investments Pty Ltd v Westpac Banking Corp [1998] FCA 824; 84 FCR 454 Everest Project Developments Pty Ltd v Mendoza [2008] VSC 366 Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785; (1994) 12 ACLC 669 Harman Nominees Pty Ltd v Leighton Shores Pty Ltd [2012] WASCA 189 Harofam Pty Ltd v Scherman (2013) 42 VR 372; [2013] VSCA 104 Heggies Bulkhaul Limited v Global Minerals Australia Pty Limited (2003) 59 NSWLR 312; [2003] NSWSC 851 HL Diagnostics Pty Ltd v Psycadian Ltd [2005] WASC 234 Hoyt's Pty Ltd v Spencer (1919) 27 CLR at 133 at 139; [1919] HCA 64 In the matter of Carbon Polymers Limited [2013] NSWSC 376 In the matter of Forza Plumbing Systems Pty Ltd [2013] NSWSC 1234 In the matter of JF Essential Power Pty Limited [2018] NSWSC 435 In the matter of Longjing Pty Ltd (2017) 123 ACSR 456; [2017] NSWSC 1534 In the matter of MK Group Phoenix Pty Ltd [2014] NSWSC 1467 In the matter of PostNet Australia Pty Ltd [2017] NSWSC 160 In the matter of Tuffrock Pty Ltd [2015] NSWSC 738 Landmark Property Enterprise Pty Ltd v Monash Property Developments Pty Ltd [2015] VSC 266 Main Camp Tea Tree Oil Limited v Australian Rural Group Ltd (2002) 20 ACLC 726; [2002] NSWSC 219 Map Plumbing Services Pty Ltd v BB Enterprises Pty Ltd (2000) 35 ACSR 135; [2000] NSWSC 820 McRae v Commonwealth Disposals Commission (1951) 84 CLR 377 at 406; (1951) 25 ALJR 425; [1951] ALR 771 Midland Imports v Asia Pacific [1999] NSWSC 12 MNWA Pty Ltd v Deputy Commissioner of Taxation [2016] FCAFC 154; (2016) 117 ACSR 446 NA Investment Holdings Pty Limited v Perpetual Nominees Limited (2010) 79 ACSR 544; [2010] NSWCA 2010 NT Resorts Pty Limited v Deputy Commissioner of Taxation (1998) 16 ACLC 957; (1998) 153 ALR 359 Portrait Express (Sales) Pty Limited v Kodak (Australasia) Pty Limited [1996] NSWSC 199; (1996) 20 ACSR 746; (1996) 132 FLR 300 Re Elgar Heights Pty Ltd (1985) 9 ACLR 846; [1985] VR 657 Re Morris Catering (Australia) Pty Ltd (1993) 11 ACLC 919; (1993) 11 ACSR 601 Remuneration Data Base Pty Ltd v Pauline Goodyer Real Estate Pty Ltd [2007] NSWSC 59 Scanhill v Century 21 Australasia [Pty Ltd (1993) 47 FCR 451] Solid Investments Australia Pty Ltd v Clifford (2010) 27 VR 41; [2010] VSCA 59 Spirovski v Univest Assett Merchants Syndicators Pty Ltd & Anor [2013] VSC 728 Streetwise Property Projects Pty Limited v Higgins [2005] NSWSC 535 TR Administration Pty Ltd v Frank Marchetti & Sons Pty Ltd (2008) 66 ACSR 67; [2008] VSCA 70 United Capital Properties Pty Ltd v Handbury Asset Management Pty Ltd (2011) 86 ACSR 161; [2011] FCA 1075 Texts Cited: Farid Assaf, Statutory Demands and Winding Up in Insolvency (2nd ed, 2012, LexisNexis Butterworths) Meagher, Gummow and Lehane's Equity Doctrines and Remedies (5th ed, 2015, LexisNexis Butterworths) Category: Principal judgment Parties: Renu Waste Pty Ltd trading as ReNu Waste (Plaintiff) Natalie Hoang (Defendant) Representation: Counsel: Mr MJ Stevens (Plaintiff) Mr RW Tregenza (Defendant)