Fortress Credit Corporation (Australia) II Pty Ltd v Fletcher

(2014) 308 ALR 166; [2014] NSWCA 148

NSW Court of Appeal

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Interrogate

Catchwords

1. Corporations
2. › External Administration
3. › Voidable Transactions
4. › Time limits for applications
5. › Extension of time under s 588FF(3)(b)
6. › Whether court has power to make shelf orders extending time generally without specifying particular transactions or parties
7. › Corporations Act 2001 (Cth), s 588FF(3)(b)
1. Statutory Interpretation
2. › Purposive approach
3. › Conflicting purposes
4. › Balancing competing interests
5. › Whether narrow or broad construction should be adopted
6. › Provision conferring power on court
7. › Liberal construction of court powers
8. › Corporations Act 2001 (Cth), s 588FF(3)(b)
1. Courts and Judicial System
2. › Precedent
3. › Intermediate appellate courts
4. › Departure from previous decision
5. › Whether previous decision plainly wrong
6. › Whether compelling reasons exist to depart
1. Practice and Procedure
2. › Setting aside orders
3. › Orders made in absence of party
4. › Whether right ex debito justitiae or discretionary power
5. › Uniform Civil Procedure Rules 2005 (NSW), r 36.16(2)(b)

Quick Take

Section 588FF(3)(b) of the Corporations Act 2001 (Cth) permits the making of shelf orders — general orders extending the time for a liquidator to bring voidable transaction proceedings without specifying particular transactions or parties. A party affected by a shelf order who had no notice of its making does not have a right ex debito justitiae to have it set aside; the court retains a discretion under UCPR r 36.16(2)(b). Provisions conferring powers on courts, including s 588FF(3)(b), are to be given a liberal construction.