Nationwide Pacific NL v Range Resources Ltd

Link copied
Case Copied 11 min read

NATIONWIDE PACIFIC NL -v- RANGE RESOURCES LTD [2001] WASC 82



SUPREME COURT OF WESTERN AUSTRALIACitation No:[2001] WASC 82
Case No:COR:13/200121 MARCH 2001
Coram:MASTER SANDERSON29/03/01
10Judgment Part:1 of 1
Result: Remand set aside
PDF Version
Parties:NATIONWIDE PACIFIC NL (ACN 003 283 378)
RANGE RESOURCES LTD (ACN 002 522 009)
PACIFIC ISLANDS GOLD NL (ACN 003 144 670)

Catchwords:

Corporations Law
Application to set aside statutory demand
Turns on own facts

Legislation:

Corporations Law, s 459H(1)(a)

Case References:

Classic Ceramic Importers v Ceramica Antiga SA (1994) 12 ACLC 334
Chadwick Industries (South Coast) Pty Ltd v Condensing Vaporisers Pty Ltd (1994) 13 ACSR 37
Clearance Nominees Pty Ltd v Discount Acceptance Corporation Pty Ltd, unreported; SCt of WA; Library No 970593; 7 November 1997
Edge Technology Pty Ltd v Lite-On Technology Corporation (2000) NSWSC 471
Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACLC 669
First State Computing Pty Ltd v Kyling (1995) 13 ACLC 939
Four Seasons Construction Pty Ltd [2000] WASC 277
Gray Winter Properties Pty Ltd v Gas and Fuel Corporation Superannuation Fund [1996] ACLC 1703
Haynes v Hirst (1927) 27 SR(NSW) 480
Immer (No 145) Pty Ltd v The Uniting Church of Australia Property Trust (NSW) (1993) 182 CLR 26
Jarpab Pty Ltd v Mark Winter (t/a Bolden Haulage) (1994) 12 ACLC 688
John Holland Construction and Engineering Pty Ltd v Kilpatrick Green Pty Ltd (1994) 12 ACLC 716
Kalamunda Meat Wholesalers Pty Ltd v Reg Russell & Sons Pty Ltd (1994) 12 ACLC 391
Mibor Investments Pty Ltd v Commonwealth Bank of Australia (1993) 11 ACLC 1062
NQEA Australia Pty Ltd v ADI Ltd (1999) 17 ACLC 927
Re Morris Catering (Australia) Pty Ltd (1993) 11 ACLC 919
Re Wilcox; Ex parte Venture Industries Pty Ltd (1996) 137 ALR 47
Rohalo Pharmaceutical Pty Ltd v RP Scherer SpA (1995) 13 ACLC 94
Scanhill Pty Ltd v Century 21 Australasia Pty Ltd (1994) 12 ACLC 111
Sharyn Developments v The Official Receiver (1980) 5 ACLR 1
Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd (1997) 15 ACLC 1001
Tropical Traders Ltd v Goonan (1964) 111 CLR 41

JURISDICTION : SUPREME COURT OF WESTERN AUSTRALIA
    IN CHAMBERS
CITATION : NATIONWIDE PACIFIC NL -v- RANGE RESOURCES LTD [2001] WASC 82 CORAM : MASTER SANDERSON HEARD : 21 MARCH 2001 DELIVERED : 29 MARCH 2001 FILE NO/S : COR 13 of 2001 MATTER : An application under Section 459G of the Corporations Law to set aside a statutory demand

BETWEEN : NATIONWIDE PACIFIC NL (ACN 003 283 378)
    Plaintiff

    AND

    RANGE RESOURCES LTD (ACN 002 522 009)
    Defendant
FILE NO/S : COR 14 of 2001 MATTER : An application under Section 459G of the Corporations Law to set aside a statutory demand

BETWEEN : PACIFIC ISLANDS GOLD NL (ACN 003 144 670)
    Plaintiff

    AND

    RANGE RESOURCES LTD (ACN 002 522 009)
    Defendant


(Page 2)

Catchwords:

Corporations Law - Application to set aside…

CaseChat AU logo

Keep reading for free

Create a free CaseChat account to read Nationwide Pacific NL v Range Resources Ltd and more:

  • Read every judgment in full
  • Ask AI and get answers linked to paragraphs
  • See how each paragraph was cited in later cases
  • Download judgments as PDF or Word
Continue with Google

One click creates your free account or signs you in.

By continuing you agree to the Terms and Privacy Policy.

Details
Case
[2001] WASC 82
Decision Date

CaseChat Overview and Summary

In the Supreme Court of Western Australia, the case of Nationwide Pacific NL v Range Resources Ltd involved two separate applications by Nationwide Pacific NL and Pacific Islands Gold NL to set aside statutory demands issued by Range Resources Ltd. The dispute centred around the interpretation of a clause in a 1997 agreement, which stipulated that if certain conditions were not met, a balance of $1,400,000 would be payable by the plaintiffs to Range Resources by 1 January 2000, with a potential extension to 1 January 2001. The plaintiffs argued that after Mt Kasi, a subsidiary of Nationwide Pacific NL, entered into a scheme of arrangement with its creditors in 1998, Range Resources' claims were barred and extinguished, and thus no money was due under the 1997 agreement. The court had to determine whether there was a genuine dispute between the parties, as required by Section 459H(1)(a) of the Corporations Law.

The court found that there was indeed a genuine dispute regarding the interpretation of the clause in the 1997 agreement. The plaintiffs' argument that the scheme of arrangement barred and extinguished Range Resources' claims was highly persuasive. The court refrained from determining the dispute but found that there was a genuine dispute in relation to the debt. Consequently, the statutory demand was set aside, and the court would hear the parties regarding the precise form of order and costs.

Orders

Orders of the court

Full text does not contain this section.

Background

Background to the litigation

Full text does not contain this section.

Evidence

Evidence Before The Court

Full text does not contain this section.

Decision

Reasons for decision

Full text does not contain this section.

Ratio Decidendi

Legal Principle Established

Full text does not contain this section.