Deputy Commissioner of Taxation, in the matter of DirectCorp Pty Ltd (in liq)v DirectCorp Pty Ltd

The matter before the court was an application by the Deputy Commissioner of Taxation against DirectCorp Pty Ltd, which was in liquidation, to terminate the winding up. The application was made under subsection 482(1) of the Corporations Act 2001 (Cth). The central issue before the court was whether the winding up should be terminated and, if so, what orders should be made regarding the distribution of funds held by the liquidator.

The court considered the application and the circumstances of the liquidation, including the financial position of the company and the interests of creditors. It was noted that the winding up had been in progress for some time and that there were no creditors with outstanding claims. The court also considered the liquidator's remuneration and expenses, which had been approved by the court. The court held that the winding up should be terminated as there were no creditors with outstanding claims and the interests of justice would be served by doing so.

Consequently, the court made orders terminating the winding up of DirectCorp Pty Ltd on 31 July 2006. The court also ordered that Nabil Moussa, who had been involved in the company's affairs, pay the costs of the application. Additionally, the court directed that the liquidator, Bryan Patrick Collis, be paid his approved remuneration and legal costs from the company's funds held in trust.