Insolvency Laws Amendment Act 1874 No 15a (NSW)

A N N O T R I C E S I M O O C T A V O

V I C T O R I A R E G I N E .

No. I.

An Act to expedite and lessen the expense of

proceedings in Insolvency.	[25th June,
1874.]

WHEREAS of p r o c e e d i n g s i n I n s o l v e n c y B e i t there fore e n a c t e d b y t h e

i t i s des irable t o e x p e d i t e a n d l e s s e n t h e E x p e n s e

Q u e e n ' s M o s t E x c e l l e n t M a j e s t y b y a n d w i t h t h e adv ice a n d c o n s e n t

of t h e L e g i s l a t i v e C o u n c i l a n d L e g i s l a t i v e A s s e m b l y of N e w S o u t h

W a l e s i n P a r l i a m e n t a s s e m b l e d a n d b y t h e a u t h o r i t y of t h e s a m e as

f o l l o w s : —

1. T h e I n s o l v e n c y J u r i s d i c t i o n of t h e S u p r e m e Court or of a

J u d g e	thereo f	sha l l	c o n t i n u e	t o	be	e x e r c i s e d	as	a	superior C o u r t	of
R e c o r d	of	L a w	a n d	E q u i t y	a n d	t h e	orders	i n	s u c h jur i sd i c t i on	sha l l

h a v e t h e s a m e force as if t h e y were j u d g m e n t s a t l a w or decrees i n

E q u i t y	of	t h e	said	S u p r e m e	Court	a n d	s u c h	I n s o l v e n c y	J u r i s d i c t i o n	as
conferred	b y	t h e	e n a c t m e n t s	specif ied	i n	t h e	S c h e d u l e	h e r e t o	a n d	to

t h e e x t e n t t h e r e i n e x p r e s s e d shal l be exerc i s ed for a n d o n b e h a l f of t h e

S u p r e m e C o u r t or a J u d g e thereo f i n t h e first i n s t a n c e b y t h e Chie f

C o m m i s s i o n e r of I n s o l v e n t E s t a t e s subject t o appea l a s here inaf ter

p r o v i d e d A n d s u c h Chie f C o m m i s s i o n e r shal l for t h e p u r p o s e s of s u c h

prov ided

jur i sd i c t i on a n d of t h i s A c t h a v e a n d m a y exerc i se c u m u l a t i v e l y w i t h

a n y p o w e r s	n o w	b y	l a w	v e s t e d	i n	h i m	al l	t h e	p o w e r s	a n d	a u t h o r i t y
posses sed	a n d	e x e r c i s a b l e	from	t i m e	t o	t i m e	b y	t h e	S u p r e m e	Court	or

a J u d g e thereo f a n d w h e n s i t t ing i n C h a m b e r s s u c h Chie f C o m m i s s i o n e r

sha l l ( in r e s p e c t t o m a t t e r s c o g n i z a b l e b y h i m i n C h a m b e r s ) h a v e t h e

s a m e j u r i s d i c t i o n p o w e r s a n d a u t h o r i t y as i f h e w e r e s i t t i n g i n o p e n

C o u r t	P r o v i d e d	n e v e r t h e l e s s	t h a t	a l l	appea l s	a n d	a p p l i c a t i o n s	i n
I n s o l v e n c y	to	t h e	S u p r e m e	Court	or t o	a J u d g e	t h e r e o f	c o m m e n c e d

or i n part heard a t t h e t i m e of t h e c o m m e n c e m e n t of th i s A c t sha l l be

p r o c e e d e d w i t h a n d d e t e r m i n e d as i f t h i s A c t h a d n o t b e e n passed .

2. A n y p e r s o n a g g r i e v e d b y a n y dec is ion of a D i s t r i c t C o m ­

m i s s i o n e r of I n s o l v e n t E s t a t e s m a y appea l there from t o t h e Chief

C o m m i s s i o n e r a n d it sha l l be lawfu l for s u c h Chie f C o m m i s s i o n e r t o

a l ter reverse or conf irm s u c h dec i s ion as i f o r i g i n a l l y heard before

h i m A n y order or d e c i s i o n m a d e b y t h e Chie f C o m m i s s i o n e r w h e t h e r

i n r e s p e c t of a m a t t e r b r o u g h t before h i m o n a p p e a l or n o t sha l l be

subjec t to a n appea l t o t h e S u p r e m e Court ( s u c h Court for t h e pur­

poses of t h i s A c t c o n s i s t i n g of t w o or m o r e J u d g e s thereof ) o n s u c h

t e r m s a n d w i t h i n s u c h t i m e s as m a y be n o w or from t i m e to t i m e

prov ided b y L a w or G e n e r a l R u l e s of Court A n d t h e sa id S u p r e m e

Court	sha l l	t h e r e u p o n	e x e r c i s e	t h e	p o w e r s	v e s t e d	i n	i t	as	or ig ina l ly
exerc i sab le	b y	l a w	as w e l l	as	o n	a p p e a l	a n d	shal l h a v e	a l l	au thor i t i e s
of	t h e	S u p r e m e	Court re la t ive	to	t h e	tr ia l	of	q u e s t i o n s	of fact b y	j u r y

i s s u e or o t h e r w i s e .

3 . T h e G e n e r a l R u l e s of Court as to appea l s i n i n s o l v e n c y t o

t h e S u p r e m e Court shal l be a n d are h e r e b y required t o be m a d e b y t h e

J u d g e s of t h e S u p r e m e Court or a n y t h r e e of t h e m a n d t h e o t h e r

G e n e r a l R u l e s of C o u r t i n i n s o l v e n c y sha l l be m a d e b y a n y t w o J u d g e s

of	t h e	S u p r e m e	C o u r t	t o g e t h e r	w i t h	t h e	Chie f	C o m m i s s i o n e r	of
I n s o l v e n t	E s t a t e s	a n d a l l	s u c h	G e n e r a l	Rules	w h e t h e r	as	to	appea l s
or	o t h e r w i s e	sha l l	be la id	before	b o t h	H o u s e s	of	P a r l i a m e n t	w i t h i n

f o u r t e e n days i f P a r l i a m e n t be t h e n s i t t ing and if n o t t h e n w i t h i n

four teen days after t h e n e x t m e e t i n g thereo f and if e i ther of t h e

sa id H o u s e s sha l l b y re so lu t ion passed w i t h i n t w e n t y - e i g h t days

after	s u c h	R u l e s	h a v e	b e e n	la id	before	t h e	said	H o u s e s	r e s p e c t i v e l y
re so lve	t h a t	t h e	w h o l e	or a n y	part of s u c h	R u l e s	o u g h t	n o t	to	c o n t i n u e

i n force i n s u c h case t h e w h o l e or s u c h part thereof as sha l l be i n c l u d e d

i n s u c h re so lu t ion sha l l f rom a n d after s u c h reso lu t ion cease to be

b i n d i n g .

4. T h e S u p r e m e Court or t h e Chie f C o m m i s s i o n e r s i t t i n g i n

Court or C h a m b e r s m a y i n a l l m a t t e r s before i t or h i m r e s p e c t i v e l y

w h e t h e r or ig ina l or o n appea l award e i ther o u t of t h e i n s o l v e n t e s ta te

or a g a i n s t a n y person or persons s u c h cos t s as sha l l be jus t .

5. T h e o n e h u n d r e d a n d f o u r t h s ec t i on of t h e A c t fifth V i c t o r i a

n u m b e r s e v e n t e e n a n d t h e f o u r t h a n d fifth s e c t i o n s of t h e A c t t w e n t y -

s e c o n d V i c t o r i a n u m b e r four teen are h e r e b y repealed .

G. W h e n u n d e r t h e prov i s ions of t h e o n e h u n d r e d a n d th i r ty -

th ird s ec t i on of t h e " C o m p a n i e s A c t " t h e Court (as i n t h e said s e c t i o n

def ined) m a k e s a n order for w i n d i n g u p a C o m p a n y a n d directs t h a t a l l

s u b s e q u e n t p r o c e e d i n g s for w i n d i n g u p t h e s a m e b e h a d a n d t a k e n

before t h e Chie f C o m m i s s i o n e r of I n s o l v e n t E s t a t e s t h e r e u p o n s u c h

Chie f C o m m i s s i o n e r sha l l subjec t t o a p p e a l as i n t h e sa id s e c t i o n

p r o v i d e d for t h e purposes of w i n d i n g u p s u c h C o m p a n y bo d e e m e d t o

b e " t h e C o u r t " w i t h i n t h e m e a n i n g of Par t I V of t h a t A c t a n d sha l l

h a v e for t h e purposes of s u c h w i n d i n g u p a l l t h e p o w e r s of t h e

S u p r e m e Court i n i ts E q u i t a b l e J u r i s d i c t i o n .

7. I f a n y p e r s o n h a v i n g a n y r i g h t or pr iv i l ege a c q u i r e d u n d e r

the s e c o n d s u b - s e c t i o n of s ec t ion t w o h u n d r e d and for ty -n ine of t h e

sa id C o m p a n i e s A c t s h o u l d be e n t i t l e d t o a n d shal l hereafter i n s t i t u t e

p r o c e e d i n g s a n d prosecute m a t t e r s u n d e r t h e e l e v e n t h V i c t o r i a n u m b e r

n i n e t e e n	t h e	Chie f	C o m m i s s i o n e r	of	I n s o l v e n t	E s t a t e s	sha l l	subjec t	t o
appea l	as i n	I n s o l v e n c y	h a v e	a n d	exerc i se	t h e	p o w e r s	of t h e	S u p r e m e

Court or a J u d g e thereo f c u m u l a t i v e l y w i t h t h e p o w e r s a n d dut i e s

v e s t e d i n h i m b y	l a w	for	t h e	purpose	of	w i n d i n g	u p	a n d	g e n e r a l l y
d e t e r m i n i n g	a l l	s u c h	p r o c e e d i n g s	a n d	m a t t e r s	u n d e r	t h e	said	las t -

m e n t i o n e d A c t .

8. E v e r y A t t o r n e y a n d Sol ic i tor of t h e S u p r e m e Court m a y

appear a n d be heard i n a l l m a t t e r s a n d p r o c e e d i n g s before t h e Chie f

C o m m i s s i o n e r	of	I n s o l v e n t	E s t a t e s	i n	C o u r t	or	C h a m b e r s	a n d	before
t h e	R e g i s t r a r	i n	I n s o l v e n c y	w i t h o u t	b e i n g	required	t o	e m p l o y	c o u n s e l

A n d if a n y person n o t b e i n g s u c h A t t o r n e y or So l i c i tor s h a l l pract i se i n

t h e I n s o l v e n c y J u r i s d i c t i o n of t h e said Court as A t t o r n e y or So l i c i tor

h e shal l b e d e e m e d g u i l t y of a c o n t e m p t of Court .

9. Th i s A c t sha l l be s ty l ed a n d m a y be c i t ed as the " I n s o l v e n c y

L a w s A m e n d m e n t A c t 1 8 7 4 . "

SCHEDULE.

SCHEDULE.

The jurisdiction

No. of Act. Title of Act. powers and authority

conferred by—

5 Vic. No. 17 An. Act for giving relief to insolvent per­ sons and providing for the due collection All the unrepealed sec­

tions of the Act

administration and distribution of In­	except section 7.
solvent Estates within the Colony of New South Wales and for the preven­ tion of frauds affecting the same.

7 Vic. No. 19 An Act to amend an Act intituled "An Act "for giving relief to insolvent persons ana The unrepealed sec­

tions except proviso

" providing for the administration of In-	to 8th section and
" solvent Estates and to abolish imprison-	sections 9 10 11 and
" ment for debt."	12 thereof.

8 Vie. No. 15 An Act to amend an Act passed in the fifth year of Her Majesty's reign for the rebel The unrepealed sec-

tions.

of insolvent debtors and also the Act lately passed for amending the same and abolishing imprisonment for debt.

10 Vic. No. 14	An Act to remove difficulties in the dis­ posal administration and distribution of Insolvent Estates—and rider thereto.	The whole Act.
11 Vic. No. 19	An Act for facilitating the winding up of	The whole Act.

Joint Stock Companies unable to meet their pecuniary engagements.

17 Vic. No. 17 An Act for the appropriation of unclaimed The whole Act except

balances in Intestate and Insolvent	sections 1 and 0.
Estates and for other purposes therein mentioned.

17 Vic. No. 32	An Act to authorize the Chief Commis- sioner of Insolvent Estates to issue certificates to insolvents in certain cases.	The whole Act.
19 Vic. No. 33	An Act to amend the Insolvent Law of New South Wales.	The whole Act.
20 Vic. No. 11	An Act to provide for the deposit in the Colonial Treasury of moneys in charge	The whole Act so far

as relates to Official

of Officers of the Supreme Court.	Assignees.
An Act to amend so much of the Insolvent	The whole Act.

20 Vic. No. 24 Acts now in force as relates to direction
of creditors.

An Act to amend the laws relating to In- The whole Act.

25 Vic. No. 8 solvency.

31 Vic. No. 9 An Act to facilitate proceedings in Insol- The whole Act.

vency.

R No. I I .