The preference principle under s 37A(1) of the Conveyancing Act 1919 (NSW) — that a debtor's preference of one creditor over another does not establish intent to defraud — applies regardless of whether the transfer is made directly to the preferred creditor or to a third party, provided the debtor receives effectively full value and the proceeds discharge existing debts.
The full text is available to signed-in members, including the 2 later cases that cite this judgment.
1 of the 2 citing cases carry a classified treatment. How each court treated it is available to signed-in members.