In the matter of Banksia Securities Limited (in liquidation)
[2025] NSWSC 697
Citation 1
…reasonable remuneration in the circumstances. His Honour referred (in Banksia 3 at [39]) to the observations of Young CJ in Eq in Ide v Ide [2004] NSWSC 751; (2004) 184 FLR 44 as to the role of the Court in dealing with such an application, and to the further observations of Branson J in Wenkart v Pantze r [2005] F…
Thorn as trustee in Bankruptcy for the Bankrupt Estate of Philip Cinzio v Mielnikowski
[2024] QSC 249
Citation 2
(Para 12)
…The onus to demonstrate reasonableness of costs lies on the party seeking the amount to be paid.[45] [45] Ide v Ide (2004) 50 ASCR 324 at 329–330 [39]–[49].…
Segal v Sharma; In the matter of South West Radiology Pty Ltd (No 2)
[2024] NSWSC 1062
Citation 3
…se principles have also been applied in assessing the remuneration of a Court appointed receiver, such as Mr Cook, in decisions including Ide v Ide (2004) 184 FLR 44; [2004] NSWSC 751 at [39]ff and Re Metal Storm Ltd [2015] NSWSC 1699 at [11 ], Re Wine National Pty Ltd [2016] NSWSC 4 at [13]; Re Banksia Securities L…
In the matter of Salvestrin Enterprises Pty Ltd (in liquidation) (No 2)
[2024] NSWSC 642
Citation 4
…: Australian Securities and Investments Commission v Lawrenson Light Metal Die Casting Pty Ltd [1999] VSC 500; (1999) 33 ACSR 288. In Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324 at [39]ff, Young CJ in Eq described the Court’s role in determining such an application (omitting authorities) as follows: First, the c…
Re Pancon Pty Ltd
[2024] VSC 299
Citation 5
(Para 1)
…s in the ongoing trading of those trading entities over which they were appointed. [54] Re Say Enterprises Pty Ltd [2018] NSWSC 396. [55] Ide v Ide (2004) 184 FLR 44, 49 [40]. [56] Re Australasian Barristers Chambers Pty Ltd [2019] NSWSC 799 [25] (Brereton J).…
Stojanovski v Stojanovski
[2023] NSWSC 1645
Citation 6
…: Australian Securities and Investments Commission v Lawrenson Light Metal Die Casting Pty Ltd [1999] VSC 500; (1999) 33 ACSR 288. In Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324 at [39]ff, Young CJ in Eq described the Court’s role in determining such an application (omitting authorities) as follows: “First, the…
Palmer v Palmer
[2023] QSC 278
Citation 7
…David [1875] LR 20 Eq 373, cited Golden Star Resources Limited v Rosel [2010] QSC 28, cited Ide v Ide (2004) 184 FLR 44; [2004] NSWSC 751, cited Lancet Pty Ltd v Olholm Developments Pty Ltd (2001) 1 Qd R 22, considered Mohamed v Hurtsville Tower Medical Clinic Pty Ltd (in liq) [2006] NSWSC 4, cited Owen (in the ma…
Re Kimberley Stuart Wallman & Gregory Paul Quin in Their Capacity As Joint And Several Liquidators Of Goldeagle Nominees Pty Ltd (In Liq) (ACN 081 643 254); [No 2]
[2023] WASC 296
Citation 8
(Para 4)
…lso contrasted this position with the position where the gross assets of the receivership are minimal and the parties are not wealthy. [16] Ide v Ide [2004] NSWSC 751; (2004) 184 FLR 44; (2004) 50 ACSR 324 [22] - [29].…
In the matter of Black Lab Design Pty Ltd (in liq) as trustee for the Black Lab Unit Trust
[2023] NSWSC 661
Citation 9
(Para 7)
…e also been applied in assessing the remuneration of a Court appointed receiver, such as Mr Cook, in decisions including Ide v Ide (2004) 184 FLR 44; [2004] NSWSC 751 at [39]ff and Re Metal Storm Ltd [2015] NSWSC 1699 at [11], Re Wine National Pty Ltd [2016] NSWSC 4 at [13]; Re Banksia Securities Ltd (in liq) (recs…
Knox v Nile
[2022] NSWSC 638
Citation 10
(Para 36)
…tments Commission v Lawrenson Light Metal Die Casting Pty Ltd (1999) 33 ACSR 288; [1999] VSC 500. In Ide v Ide (2004) 184 FLR 44; (2004) 50 ACSR 324; [2004] NSWSC 751 at [39]ff, Young CJ in Eq described the Court’s role in determining such an application (omitting authorities) as follows:…
In the matter of Fellmane Pty Limited (in liquidation)
[2021] NSWSC 1346
Citation 11
(Para 11)
…ent on a time costing basis and the proportionality of the work done in the relevant circumstances : Ide v Ide (2004) 184 FLR 44; (2004) 50 ACSR 324; [2004] NSWSC 751 at [39]ff, followed in Mohamed v Hurstville Tower Medical Clinic Pty Ltd (in liq) [2006] NSWSC 4 at [8]. The Court will, of course, also have regard…
Fletcher v Brown (No 3)
[2021] FCA 803
Citation 12
(Para 16)
…h that requirement and to authorise payment out of the modest sum that has been realised, without requiring accounts to be filed or passed: Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324 at [24]‑[26]; Hutchins, in the matter of Ardenberg Pty Ltd (in liq) (Administrators Appointed) (No 3) [2021] FCA 519 at [9].…
Hebbel Constructions Pty Ltd v Bitar Pty Ltd
[2021] NSWSC 810
Citation 13
…SC 500 - Gandangara Local Aboriginal Land Council v Gandangara Services Ltd [2015] NSWSC 2011 - Ide v Ide (2004) 184 FLR 44; (2004) 50 ACSR 324; [2004] NSWSC 751 - Kardos v Sarbutt (No 2) [2006] NSWCA 206 Lunn v Savage [2006] NSWSC 240 - Mead v Watson (2005) 23 ACLC 718; [2005] NSWCA 133 - Re Angel's Castle Pre-Scho…
Sprowles, in the matter of Triumph N Triumph Pty Ltd (in liq) (No 2)
[2021] FCA 405
Citation 14
(Para 14)
…In Ide v Ide [2004] NSWSC 751; 184 FLR 44; 50 ACSR 324 at [22] – [29], Young CJ in Eq discussed the circumstances in which a rule, such as r 14.25(1), can be dispensed with. At [26], his Honour referred to the importance of adhering to the process of passing accounts in cases involving substantial assets, and those…
Re Sunraysia Roofing Pty Ltd
[2020] VSC 724
Citation 15
…plications by court-appointed receivers for approval of remuneration is to be found in the judgment of Young CJ in Eq in Ide v Ide (2004) 184 FLR 44; [2004] NSWSC 751. It may be summarised as follows (omitting references to the various authorities cited by his Honour): 1.The court constituted by a judge never consi…
In the matter of JSMOT Pty Ltd
[2020] NSWSC 549
Citation 16
(Para 7)
…appears for Mr Pirina, referred to several authorities dealing with the approval of remuneration for a Court-appointed receiver, including Ide v Ide [2004] NSWSC 751; (2004) 184 FLR 44 and Re Australasian Barristers Chambers Pty Ltd [2019] NSWSC 799, where Brereton J summarised the applicable principles at [19]-[2…
In the matter of Australasian Barrister Chambers Pty Ltd
[2019] NSWSC 1886
Citation 17
(Para 18)
…o the scope of s 473(10) of the Corporations Act and referred to the consideration of relevant principles in well-known decisions including Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324 at [39]ff and the decision of the Court of Appeal in Sanderson, as liquidator of Sakr Nominees Pty Ltd (in liq) v Sakr [2017] NSW…
LM Investment Management Limited v Whyte
[2019] QSC 233
Citation 18
(Para 31)
…receivers generally.[25] [25] ASIC v Letten (No. 7) (2010) 190 FCR 59, [118]-[119], [270]-[271]; ASIC v Letten [2010] FCA 140, [47]; Ide v Ide (2004) 184 FLR 44, 49-50; ASIC v Atlantic 3-Financial (Aust) Pty Ltd [2004] 1 Qd R 591, 597-598, [27]-[32].…
In the matter of Australasian Barristers Chambers Pty Ltd
[2019] NSWSC 799
Citation 19
…cket Pty Ltd (No 2) [2013] FCA 699 Gondon Five Pty Ltd and Cui Family Asset Management Pty Ltd, In the matter of [2019] NSWSC 469 Ide v Ide (2004) 184 FLR 44; (2004) 50 ACSR 324; [2004] NSWSC 751 Mohamed v Hurstville Tower Medical Clinic Pty Ltd (in liquidation) [2006] NSWSC 4 Sakr Nominees Pty Ltd, In the matter o…
In the matter of Gondon Five Pty Ltd and Cui Family Asset Management Pty Ltd
[2019] NSWSC 469
Citation 20
…[2016] NSWSC 1401 Gondon Five Pty Ltd, In the matter of [2016] NSWSC 1584 Harold Meggitt Ltd v Discount & Finance Ltd (1938) 56 WN (NSW) 23 Ide v Ide (2004) 184 FLR 44; [2004] NSWSC 751 Idylic Solutions Pty Ltd (as trustee for Super Save Superannuation Fund), In the matter of (2016) 115 ACSR 581; [2016] NSWSC 1292…
In the matter of Banksia Securities Limited (in liquidation) (receivers and managers appointed)
[2019] NSWSC 136
Citation 21
(Para 10)
…securing reasonable remuneration in the circumstances. His Honour referred (in Banksia 3 at [39]) to the observations of Young CJ in Eq in Ide v Ide [2004] NSWSC 751; (2004) 184 FLR 44 as to the role of the Court in dealing with such an application, and to the further observations of Branson J in Wenkart v Pantzer…
Lock, in the matter of Cedenco JV Australia Pty Ltd (in liq) (No 2)
[2019] FCA 93
Citation 22
…an [2009] NSWCA 64; (2009) NSWLR 99 Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324; (2004) 184 FLR 44 Lock, in the matter of Cedenco JV Australia Pty Ltd (in liq) [2017] FCA 1306 Lucantonio v Kleinert [2009] NSWSC 853 Meadow Springs Fairway Resort Ltd (In Liq) v Balanced Securities Ltd [2007] FCA 1443; (2007) 25 AC…
Kadam v MiiResorts Group 1 Pty Ltd (No 5)
[2018] FCA 1086
Citation 23
(Para 15)
…that they were incurred for the benefit of beneficiaries generally will lie on the party seeking the amount be paid: see Young CJ in Eq in Ide v Ide [2004] NSWSC 751; (2004) 184 FLR 44 at 49 [42]-[43]. SEBI Proceeding…
Re Western Port Holdings Pty Ltd
[2018] VSC 352
Citation 24
…plications by court-appointed receivers for approval of remuneration is to be found in the judgment of Young CJ in Eq in Ide v Ide (2004) 184 FLR 44; [2004] NSWSC 751. It may be summarised as follows (omitting references to the various authorities cited by his Honour): 1.The court constituted by a judge never consi…
Re Say Enterprises Pty Ltd
[2018] NSWSC 396
Citation 25
…er Centre Development Corporation Ltd [1967] 1 NSWR 382 GDK Financial Solutions Pty Ltd, Re (2006) 236 ALR 699 Hoskins v Campbell [1869] WN 59. Ide v Ide (2004) 184 FLR 44; [2004] NSWSC 751 Idylic Solutions Pty Limited, Re (2016) 115 ACSR 581; [2016] NSWSC 1292 Interior Marble Pty Ltd v Mondo Stone Pty Ltd [2004] N…
In the matter of ACN 159 605 188 Pty Limited (in liquidation) (formerly Securimax Pty Limited)
[2018] NSWSC 356
Citation 26
(Para 22)
…ecuring reasonable remuneration in the circumstances. His Honour referred (at [39]) to the often-quoted observations of Young CJ in Eq in Ide v Ide [2004] NSWSC 751; (2004) 184 FLR 44 as to the role of the Court in dealing with such an application, and to the further observations of Branson J in Wenkart v Pantzer […
Re Banksia Securities Limited (in liq) (recs and mgrs apptd)
[2018] NSWSC 229
Citation 27
(Para 6)
…securing reasonable remuneration in the circumstances. His Honour referred (at [39]) to the often-quoted observations of Young CJ in Eq in Ide v Ide [2004] NSWSC 751; (2004) 184 FLR 44 as to the role of the Court in dealing with such an application, and to the further observations of Branson J in Wenkart v Pantzer…
Hosking (Liquidator); In the Matter of Business Aptitude Pty Ltd (In Liq)
[2017] FCA 1417
Citation 28
(Para 8)
…assing final accounts in cases where the cost of complying with the formal procedure exceeds any benefit that may accrue from doing so: Ide v Ide [2004] NSWSC 751 at [sic] Young CJ in Eq at [24] and [26]; Kerr, in the matter of Angel's Castle Pre-School Pty Ltd (in liq) (No 2) [2012] FCA 57 per Jacobson J at [5]. M…
In the matter of Cannuli Holdings Pty Ltd (in liq) (Court-appointed receiver acting)
[2017] NSWSC 1562
Citation 29
…iver: Australian Securities and Investments Commission v Lawrenson Light Metal Die Casting Pty Ltd [1999] VSC 500; (1999) 33 ACSR 288. In Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324 at [39]ff, Young CJ in Eq described the Court’s role in determining such an application (omitting authorities) as follows: “First,…
Coshott v Crouch
[2017] FCAFC 135
Citation 30
(Para 10)
…ws: The onus was on the receivers to justify the reasonableness and prudence of the tasks undertaken: see Ide v Ide (2004) 50 ACSR 324; [2004] NSWSC 751 at [42] per Young CJ in Equity, Onefone Australia Pty Ltd v One.Tel Ltd (2010) 80 ACSR 11; [2010] NSWSC 1120 at [24] and [28] per Barrett J and Venetian Nominees P…
Tonks, in the matter of PWG Holdings Pty Ltd (in liquidation) (No 2)
[2017] FCA 893
Citation 31
(Para 21)
…of passing accounts exceeds any benefit that may accrue from doing so. I refer, in this connection, to the discussion in Ide v Ide (2004) 184 FLR 44; [2004] NSWSC 751 and to Jacobson J’s acceptance and application of that principle in Kerr, in the matter of Angel’s Castle Pre-School Pty Ltd (in liquidation) (No 2)…
Re Banksia Securities Ltd (in liq) (recs and mgrs apptd)
[2017] NSWSC 540
Citation 32
(Para 39)
…plications by court-appointed receivers for approval of remuneration is to be found in the judgment of Young CJ in Eq in Ide v Ide (2004) 184 FLR 44; [2004] NSWSC 751. It may be summarised as follows (omitting references to the various authorities cited by his Honour):…
In the matter of MINMXT Holdings Pty Ltd (In liquidation)
[2017] NSWSC 156
Citation 33
(Para 32)
…ents do not challenge this overall figure which, on my assessment, conforms to the sixth and seventh principles stated by Young CJ in Eq in Ide v Ide [2004] NSWSC 751; (2004) 184 FLR 44 and reflects appropriate proportionality of the kind referred to in Templeton v Australian Securities and Investments Commission […
Coshott v Coshott
[2016] FCA 966
Citation 34
(Para 3)
…Templeton at 559 [60] was as follows: The onus was on the receivers to justify the reasonableness and prudence of the tasks undertaken: see Ide v Ide (2004) 50 ACSR 324; [2004] NSWSC 751 at [42] per Young CJ in Equity, Onefone Australia Pty Ltd v One.Tel Ltd (2010) 80 ACSR 11; [2010] NSWSC 1120 at [24] and [28] per B…
Re Idylic Solutions Pty Ltd as trustee for Super Save Superannuation Fund
[2016] NSWSC 1292
Citation 35
(Para 31)
…In Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324 at [39]ff, in dealing with a receiver’s claim for remuneration, Young CJ in Eq observed:…
Gandangara Local Aboriginal Land Council v Gandangara Services Limited
[2016] NSWSC 372
Citation 36
(Para 5)
…. In Kerr, Re Angel's Castle Pre-School Pty Ltd (in liq) (No 2) [2012] FCA 57, Jacobson J, having referred to earlier authorities including Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324, noted that the Court could dispense with the requirement for accounts where the cost of passing final accounts exceeded any bene…
Re Wine National Pty Ltd
[2016] NSWSC 4
Citation 37
(Para 13)
…ceiver: Australian Securities and Investments Commission v Lawrenson Light Metal Die Casting Pty Ltd [1999] VSC 500; (1999) 33 ACSR 288. In Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324 at [39]ff, Young CJ in Eq described the Court’s role in determining such an application (omitting authorities) as follows:…
Macks v Maka
[2015] SASC 200
Citation 38
(Para 3)
…bears the onus of establishing that a claimed item was not wrongly charged (a falsification in the old terminology): Ide v Ide (2004) NSWSC 751; (2004) 184 FLR 44 [23]–[25]. By analogy, the liquidator bears the onus of establishing a prima facie case for determination. [31] The expression ‘prima facie’ is used in V…
Gandangara Local Aboriginal Land Council & Anor v Gandangara Services Limited & Ors
[2015] NSWSC 2011
Citation 39
(Para 12)
…t that he file accounts, as ordinarily required by the UCPR r 26.5 be dispensed with. The courts have readily made such orders including in Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324 [34]ff and in Kerr; Re Angel's Castle Preschool Pty Limited (in liq) (No 2) [2012] FCA 57 at [5]ff. In the course of submissions,…
Eastlake v Eastlake
[2015] NSWSC 1772
Citation 40
…(1722) 1 Str 505; (1722) 93 ER 664 Bates v Messner (1967) 67 SR (NSW) 187 Hampton Court Ltd v Crooks [1957] HCA 28; (1957) 97 CLR 367 Ide v Ide [2004] NSWSC 751; (2004) 184 FLR 44 Mavrideros v Mack [1998] NSWCA 286; (1998) 45 NSWLR 80 Parker v Paton (1941) 41 SR (NSW) 237 Pit v Cholmondeley (1754) 2 Ves Sen 565; (1…
Craig v Craig (No 2)
[2015] SADC 162
Citation 41
(Para 17)
…a case, in order to achieve a just outcome, it may be necessary to balance the relativities and to adopt a sensible and pragmatic approach: Ide v Ide [2004] NSWSC 751 at [24] - [26] per Young CJ in Eq; Hons v Hons [2010] NSWSC 247 at [127] - [128].…
Re Metal Storm Ltd
[2015] NSWSC 1699
Citation 42
(Para 4)
…In Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324, to which Mr Karam who appears for the Receivers draws attention, Young CJ in Eq referred to the traditional process for the taking of accounts in respect of an assessment of a receiver's costs, but noted the possibility that the Court would be justified in bypassin…
Templeton v Australian Securities and Investments Commission
[2015] FCAFC 137
Citation 43
(Para 5)
…d (2004) 140 FCR 424 at [37]. It was agreed that the onus is on the Receivers to justify the reasonableness and prudence of the tasks done: Ide v Ide [2004] NSWSC 751 at [42]. Next, to adapt the language in Re Korda , the Court is required to fix the Receivers’ reasonable remuneration and reasonable costs and expen…
Refund Property Fees Pty Ltd v Prime Project Development (Cairns) Pty Ltd
[2015] FCA 613
Citation 44
(Para 7)
…ue from the filing of accounts: see Kerr, in the matter of Angel’s Castle Pre-School Pty Ltd (In Liquidation) (No 2) [2012] FCA 57 at [5]; and also Ide v Ide (2004) 50 ASCR 324 at [24] to [26].…
In the matter of Wine National Pty Ltd, James Estate Wines Pty Ltd and Liquor National Pty Ltd
[2014] NSWSC 1516
Citation 45
(Para 1)
…law, for example, Re Central Commodity Services Pty Ltd [1984] 1 NSWLR 25 at 27; Shirlaw v Taylor (1991) 31 FCR 222; 5 ACSR 767 at 775-776; Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324 at [50].…
Australian Securities & Investments Commission v Letten (No 23)
[2014] FCA 985
Citation 46
(Para 10)
…d (2004) 140 FCR 424 at [37]. It was agreed that the onus is on the Receivers to justify the reasonableness and prudence of the tasks done: Ide v Ide [2004] NSWSC 751 at [42]. Next, to adapt the language in Re Korda, the Court is required to fix the Receivers’ reasonable remuneration and reasonable costs and expens…
Ability One Financial Management Pty Limited and Anor v JB by his Tutor AB
[2014] NSWSC 245
Citation 47
(Para 19)
…W) 275 at 285-286 Hastings) Limited v Gulliver [1967] 2 AC 134 (note) Holt v Protective Commissioner (1993) 31 NSWLR 227, 238B-D, 241G-242A Ide v Ide [2004] NSWSC 751; 184 FLR 44 at [19] and [36]-[50] In the Goods of Darke (1859) 1 Sw&Tr 516; 164 ER 839 In Re Allison Johnson & Foster Limited; ex parte Birkenshaw [1…
McEvoy v McEvoy (No 2)
[2013] NSWSC 1162
Citation 48
(Para 1)
…a case, in order to achieve a just outcome, it may be necessary to balance the relativities and to adopt a sensible and pragmatic approach: Ide v Ide [2004] NSWSC 751 at [24] - [26] per Young CJ in Eq; Hons v Hons [2010] NSWSC 247 at [127] - [128].…
Re RMGA Pty Ltd
[2012] NSWSC 678
Citation 49
(Para 7)
…any other relevant matters. The Court, constituted by a judge, deals with matters of principle rather than conducting a review of quantum: Ide v Ide [2004] NSWSC 751; (2004) 50 ACSR 324 at [39]. If the Court determines that it is appropriate to fix that remuneration, then the usual course is for the question of th…
Kerr, in the matter of Angel’s Castle Pre-School Pty Ltd (In Liquidation) (No 2)
[2012] FCA 57
Citation 50
(Para 6)
…Ms Rae, who appears this morning for Mr Kerr, has taken me to the decision of Young CJ in Eq in Ide v Ide [2004] NSWSC 751 at [24] and [26]. I am satisfied in the present case that a number of factors demonstrate that the cost of passing final accounts exceeds any benefit that would accrue from doing so.…