Newtronics Pty Ltd v Gjergja & Anor

(2008) 219 FLR 1; [2008] VSCA 117

Victorian Court of Appeal

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Interrogate

Catchwords

1. Corporations
2. › Civil penalty provisions
3. › Recovery proceedings by corporation
4. › Limitation period
5. › Whether six-year limitation period in s 1317HD(2) may be extended by general power in s 1322(4)(d)
6. › Whether limitation period jurisdictional
7. › Corporations Law 1989 (Cth), ss 1317HD(1)-(2), 1322(4)(d)
1. Statutory Interpretation
2. › Interaction of general and specific provisions
3. › Whether general power to extend time applies to specific limitation period
4. › Use of word 'only' in temporal limitation provision
5. › Whether absence of internal extension provision compels application of general power
6. › Anthony Hordern principle

Quick Take

The six-year limitation period in s 1317HD(2) of the Corporations Law for recovery proceedings by a corporation against directors who contravened civil penalty provisions is jurisdictional and cannot be extended under s 1322(4)(d). The absence of an internal extension mechanism within Part 9.4B does not, of itself, compel the application of s 1322(4)(d). The different treatment of limitation periods across the three recovery avenues in Part 9.4B is rationally explicable and not anomalous.