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Freelance Global Ltd (in Liq) v Bensted

Freelance Global Ltd (in Liq) v Bensted

Case [2016] VSC 181

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AGLC: Freelance Global Ltd (in Liq) v Bensted [2016] VSC 181
Case: [2016] VSC 181
Decision Date: 13 MAY 2016

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Citations

Freelance Global Ltd (in Liq) v Bensted [2016] VSC 181

Most Recent Citation

Re Mamounia Pty Ltd (in liq) [2017] VSC 230

Cases Citing This Decision

Kaso, in the matter of Balcombe Bulk Haulage Pty Ltd (Administrator Appointed) [2025] FCA 725
Citation 1 (Para 5)

…Group Pty Ltd (in liq) (in its capacity as trustee of the Jupelina Unit Trust) [2017] VSC 477 at [48]-[62] (Kennedy J); Freelance Global v Bensted [2016] VSC 181 at [58] (Riordan J); Kite v Mooney, in the matter of Mooney’s Contractors Pty Ltd (in liq) (No 2) [2017] FCA 653 at [149] (Markovic J); In the matter o…
Kaso (administrator), in the matter of Sanitation Maintenance Services Pty Ltd (administrators appointed) [2023] FCA 418
Citation 2 (Para 8)

…riate that the Administrators’ remuneration and expenses be paid out of the Trust Property: see Re Mackie Group at [59]; Freelance Global v Bensted [2016] VSC 181 at [58] (Kennedy J); Kite v Mooney , in the matter of Mooney’s Contractors Pty Ltd (in liq) (No 2) (2017) 121 ACSR 158 at [142]-[149] (Markovic J); Jon…
Lawrence, in the matter of Ozifin Tech Pty Ltd (in liq) v AGM Markets Pty Ltd (in liq) [2022] FCA 1478
Citation 3

…ehire Pty Ltd v Themis Holdings Pty Ltd [2016] 1 Qd R 296 Freelance Global Ltd (in liq) v Bensted [2016] VSC 181 Georges, in the matter of Sonray Capital Markets Pty Ltd (in liq) [2010] FCA 1371 Giumelli v Giumelli (1999) 196 CLR 101 Gollant, in the matter of OT Markets Pty Ltd (in liq) [2020] FCA 207 Hospital Pr…
Commissioner of Taxation v Lane [2020] FCAFC 184
Citation 4 (Para 18)

…in liq) (2003) 59 NSWLR 361 at [194]-[217], although that approach was rightly questioned by Riordan J in Freelance Global Ltd (in liq) v Bensted [2016] VSC 181 at [82]). 134 In the Full Court of this Court in Bruton Holdings Pty Ltd (in liq) v Federal Commissioner of Taxation (2011) 193 FCR 442 at [27], it was o…
Re Asten Holdings Pty Ltd (in liq) [2020] FCA 1107
Citation 5 (Para 7)

…propriate that the Liquidators’ remuneration and expenses be paid out of trust assets: see Re Mackie Group at [48]-[62]; Freelance Global v Bensted [2016] VSC 181 at [58]; Kite v Mooney, in the matter of Mooney’s Contractors Pty Ltd (in liq) (No 2) [2017] FCA 653; 121 ACSR 158; Jones v Matrix , [105]-[106]; In th…
Stephens-Ryan; Secretary, Department of Social Services and (Social services second review) [2020] AATA 961
Citation 6 (Para 34)

…ily and Community Services [28] and James Seymour and Secretary, Department of Social Services .[29] [26] Freelance Global Ltd (in liq) v Bensted [2016] VSC 181 at [29] where the beneficiaries were held to have an absolute entitlement to a distribution properly made under a trust. See also Chianti Pty Ltd v Leume…
Markopoulus v Marco [2020] WASC 79
Citation 7 (Para 3)

…in connection with other clients, is established.' [25] Re Courtenay House Capital Trading Group [26]. Citing Freelance Global Ltd (in Liq) v Bensted [2016] VSC 181 [32] (Riordan J); Associated Alloys Pty Ltd v ACN 001 452 106 Pty Ltd [2000] HCA 25; (2000) 202 CLR 588, 605-6 [34] (Gaudron, McHugh, Gummow and Hayn…
Re Courtenay House Capital Trading Group Pty Ltd (in liq) [2018] NSWSC 404
Citation 8 (Para 26)

…ognised over the funds when first received, and over any returns from trading in them. [18] 15. Freelance Global Ltd (in Liq) v Bensted [2016] VSC 181 at [32] (Riordan J); Associated Alloys Pty Ltd v ACN 001 452 106 Pty Ltd [2000] HCA 25; (2000) 202 CLR 588 at 605-6 [34] (Gaudron, McHugh, Gummow and Hayne JJ); St…
Lane v Deputy Commissioner of Taxation [2017] FCA 953
Citation 9 (Para 3)

…In the recent decision of Freelance Global v Bensted Ltd (in liq) [2016] VSC 181 at [64], Riordan J considered that the Universal Distributing principle entitled a liquidator of a trust company who has acted reasonably, to be indemnified out of the trust assets for their costs and expenses in “identifying or atte…
Kite v Mooney, in the matter of Mooney's Contractors Pty Ltd (in liq) (No 2) [2017] FCA 653
Citation 10 (Para 22)

…In Freelance Global v Bensted [2016] VSC 181 ( Freelance Global ) at [57] Riordan J, citing Sutherland Re; French Caledonia Travel Service Pty Ltd (in liq) (2003) 59 NSWLR 361 ( French Caledonia ) and Re Suco Gold Pty Ltd (in liq) (1983) 33 SASR 99 ( Re Suco Gold ), observed that liquidators of a corporate truste…
J & G Flooring Pty Ltd (in liq) v Dirito [2025] VSC 623
Citation 11 (Para 4)

…capacity, are debts of the company within the meaning of the Corporations Act and may be paid from trust assets.[22] [22] Freelance Global v Bensted [2016] VSC 181, [58] (‘ Freelance Global ’) (citations omitted).…
Udp Holdings Pty Ltd v Esposito Holdings Pty Ltd (in liq) [2021] VSC 528
Citation 12

…rte Conlan (2006) 199 FLR 415, [44]; Williams v Peters [2010] 1 Qd R 475 [5] (McMurdo P), [36] (Muir JA); Freelance Global Ltd (in liq) v Bensted Ltd [2016] VSC 181, [36]-[37]; Carr v Council of the Law Society of New South Wales [2020] NSWCA 276, [31] (White JA).…
Australia's Residential Builder Pty Ltd (In Liq) v Robert Wiederstein [2018] VSC 37
Citation 13

…[142] Ibid [50]-[51]; See also, Freelance Global Ltd v Bensted Ltd (in liq) [2016] VSC 181.…
Re Mackie Group Pty Ltd (in liq) [2017] VSC 477
Citation 14 (Para 1)

…y Ltd (in liq) [2017] VSC 230; Re Enhill Pty Ltd [1983] 1 VR 561, 572 (Lush J); Re Suco Gold Pty Ltd (in liq) (1983) 33 SASR 99, 110 (King CJ). [21][2016] VSC 181. [22]Ibid [64].…
Re Mamounia Pty Ltd (in liq) [2017] VSC 230
Citation 15 (Para 1)

…work done by liquidators in the interests of the beneficiaries and where there is no practical alternative to allowing the remuneration.[72] [71][2016] VSC 181 (‘ Freelance’ ). [72] Freelance [87].…

Cases Cited

Statutory Material Cited

Barnet, in the matter of Fulkoto Pty Ltd (in Liquidation) [2013] FCA 595
Citation 1 (Para 1)

…f cl 11.3 of the Trust Deed; and Freelance Global thus became a bare trustee of the assets of the Trust.[43] [43] Barnet, Re Fulkoto Pty Ltd (in liq) [2013] FCA 595, [2] (Dowsett J); Caterpillar Financial Australia Ltd v Ovens Nominees Pty Ltd [2011] FCA 677, [6] - [7] (Gordon J) (Caterpillar).…
Re Suncoast Restoration Pty Ltd (in liq) [2013] FCA 355
Citation 2 (Para 1)

…f this fact, would make a claim against the Liquidators to reimburse the unauthorised payments. [56] Re Suncoast Restoration Pty Ltd (in liq) (2013) 211 FCR 203, 213 [30] (Reeves J) citing CGU Insurance Ltd v Porthouse (2008) 235 CLR 103, 120-121 [64] (Gummow, Kirby, Heydon, Crennan and Kiefel JJ).…
Georges v Seaborn International Pty Ltd (Trustee) [2012] FCA 294
Citation 3

…[20]See Georges v Seaborn International (2012) 288 ALR 240, 301 [298] (Gordon J); Parbery v ACT Superannuation Management Pty Ltd (2010) 79 ACSR 425, 431 [20], 432 [23] (Palmer J).…
Caterpillar Financial Australia Ltd v Ovens Nominees Pty Ltd [2011] FCA 677
Citation 4 (Para 1)

…the Trust.[43] [43] Barnet, Re Fulkoto Pty Ltd (in liq) [2013] FCA 595, [2] (Dowsett J); Caterpillar Financial Australia Ltd v Ovens Nominees Pty Ltd [2011] FCA 677, [6] - [7] (Gordon J) (Caterpillar).…
Trio Capital Ltd (Admin App) v ACT Superannuation Management Pty Ltd [2010] NSWSC 941
Citation 5

…[19] Parbery v ACT Superannuation Management Pty Ltd (2010) 79 ACSR 425, 431 [20] (Palmer J); Re Sutherland (2004) 50 ACSR 297, 299-300 [11] (Campbell J).…
CGU Insurance Ltd v One.Tel Ltd (In Liq) [2010] HCA 26
Citation 6

…[23] CGU Insurance Ltd v One.Tel Ltd (in liq) (2010) 242 CLR 174, 182 [36] (French CJ, Heydon, Crennan, Kiefel and Bell JJ).…
Bruton Holdings Pty Ltd (in liq) v Federal Commissioner of Taxation [2009] HCA 32
Citation 7

…[24] FCT v Bruton Holdings Pty Ltd (in liq) (2008) 173 FCR 472, 498 [79] (Ryan, Mansfield and Dowsett JJ).…
CGU Insurance Ltd v Porthouse [2008] HCA 30
Citation 8 (Para 1)

…thorised payments. [56] Re Suncoast Restoration Pty Ltd (in liq) (2013) 211 FCR 203, 213 [30] (Reeves J) citing CGU Insurance Ltd v Porthouse (2008) 235 CLR 103, 120-121 [64] (Gummow, Kirby, Heydon, Crennan and Kiefel JJ).…
Re Application of Sutherland [2004] NSWSC 798
Citation 9 (Para 1)

…work has to be done in the interests of the beneficiaries and there is no practical alternative to allowing the remuneration.[39] [39] Re Sutherland (2004) 50 ACSR 297, 300 [11] (Campbell J).…
Re French Caledonia Travel Service Pty Ltd (in liq) [2003] NSWSC 1008
Citation 10 (Para 1)

…liabilities which the trustee incurred in the administration of the trust before winding up supervened.[16] [16] Re French Caledonia Travel Service (2003) 204 ALR 353, 410 [201] (Campbell J) explaining the reference by King CJ in Re Suco Gold Pty Ltd (in liq) (1983) 33 SASR 99 to such rights passing to the liquidator…
Re Global Finance Group Pty Ltd (In liq) [2002] WASC 63
Citation 11

…[9](2002) 26 WAR 385, 412‑413 [129].…
Hewett v Court [1983] HCA 7
Citation 12 (Para 1)

…Re French Caledonia Travel Service (2003) 204 ALR 353, 410 [201] (Campbell J) explaining the reference by King CJ in Re Suco Gold Pty Ltd (in liq) (1983) 33 SASR 99 to such rights passing to the liquidator.…
Brady v Stapleton [1952] HCA 62
Citation 13 (Para 1)

…ssible’ for Mr Ndiritu to trace the funds into the subsequently acquired funds of the Trust held in the General Account.[8] [8] Brady v Stapleton (1952) 88 CLR 322, 338-339 (Dixon CJ and Fullagar J); Re Diplock; Diplock v Wintle [1948] Ch 465, 521 (Lord Greene MR, Wrottesley and Evershed LJJ); Williams v Peters [201…
Re Universal Distributing Co Ltd (In liq) [1933] HCA 2
Citation 14 (Para 1)

…e basis of the principles in Re Universal Distributing Co Ltd (in liq) [25] and Re Berkeley Applegate (Investment Consultants) Ltd (in liq) .[26] [25](1933) 48 CLR 171 (‘ Re Universal Distributing ’). [26][1989] Ch 32 (‘ Re Berkeley Applegate ’).…
13 Coromandel Place Pty Ltd v CL Custodians Pty Ltd (in liq) [1999] FCA 144
Citation 15

…[29] 13 Coromandel Place Pty Ltd v C L Custodians Pty Ltd (in liq ) (1999) 30 ACSR 377, 385 (Finkelstein J). For examples of the application of the principle see Thackray v Gunns Ltd (2011) 85 ACSR 144, [49] (Davies J).…
Thackray v Gunns Plantations Ltd (No 2) [2011] VSC 417
Citation 16 (Para 1)

…for the expenses and remuneration incurred in such work. This lien arises as a matter of law and does not require an order of the court.[28] [27] Thackray v Gunns Plantations Ltd (2011) 85 ACSR 144, 146 [3] (Davies J). [28]Ibid [54]. For discussion about the nature of the lien and the circumstances in which it arises in Australia see Bra…
Thackray v Gunns Plantations Ltd [2011] VSC 380
Citation 17 (Para 1)

…incurred in such work. This lien arises as a matter of law and does not require an order of the court.[28] [27] Thackray v Gunns Plantations Ltd (2011) 85 ACSR 144, 146 [3] (Davies J). [28]Ibid [54]. For discussion about the nature of the lien and the circumstances in which it arises in Australia see Brad Strahorn,…

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