The Court granted extensions of time under s 588FF(3)(b) of the Corporations Act for liquidators to bring voidable transaction claims, applying the established three-factor framework (delay and explanation, merits, and prejudice). The Court accepted that obstacles including lack of books and records, limited director cooperation, and funding difficulties constituted a reasonable explanation for delay, and that presumptive prejudice to potential defendants from commercial uncertainty was insufficient to outweigh the case for an extension. A shorter extension was granted in respect of one identified claim against an opposing interested party (to 1 March 2027) while broader shelf orders were made to 29 April 2028 for remaining potential claims.
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