Re Tregonning, M.J

[1985] FCA 432

IN THE FECEPAL COUPT OF AUSTRALIA )

GENERAL D I V i S i O N ) NO. 258 of 1w.i

IN THE FEDERAL COURT OF AUSTRALIA	)
GENEFAL DIVISION	) B I N N O . 258 of 1984
SANKRIJPTCY DISTRICT OF THE: SOUTHEPM )
DTSTRICT OF THE STATE c7F OUEENSLANE )

3 .

Here the time c o n d i t i o n s are sa t i s f l ed .

4.

That pasaaqe was commented on >y Lord Greene M.R. I n Re Srnlth

( 1 9 4 7 ) 1 A l l E .F . 763 at p.771. Lord Greene M.P. s a l 2 that i t : -

(Since I w r o t e t h e a b o v e , Woodward J's decision I n

Maher , de l ive red on 2 1 August 198s. has been received. HIS

E m c u r has arr1-Jed a t t h e same c o n c l u s l o n and I adopc his

reasnn3. 13 A d d i t i c n to m y own, f o r the vlew thJt t h e applicant

d.>?s n c t ha:;? c c 511057 special s l r c u m s t a n c e s ~n o r d e r t-Q succer. ' , . )

6.

l i a b l l l t i e s i n r e s p e c t of d i s c o n t i n u e d p o l i c i e s , a l t h o u g h the

likelihood that s u c h l l a b l l i t l e s would arise was m a n l f e s t .

7

.

A.

It appears to me that the a p p r o p r l a t e course 1s to make

an order a1nn.s the llnes suggested by thls decislon. However, although the applicant sa id In evldence that he wlll never engage In buslness nn hls own account agaln, it would plalnly be too

*

> . i

severe t o impose rhzr: as A c o n u l t i o n . G n t h e o t h e r h a n d . 3 5 t he

bankrup t 1 s o 'n t a ln lnq t'lw b e n e f l c of a s u b s m n t z a l l y s h o r t e n e d

p e r i o d of bankrupccy , I am n o t I n c l i n e d t o limit the operation of

the c o r d l t i c j n t o :;hat would o t h e r n s e have b e e n t h e p e r l a d of

bankruptcy . The orde r s p roposed a r e as f o l l o w s : -

1. bankrupt The 1 s d i s c h a r g e d , bclt the

oppra t lon o f this o r d e r 1 s suspended ,

s u b ~ e c t t o the f o l l o w l n q c o n d l t l o n , u n t l l 30

OctoSer 1585 .

2 . The condition 1 5 t h a t the bankrup t unde r t ake

t n t h e C o u r t n o t t o carry on bus lness on his

own account o r I n p a r t n = r s h l p , e x e c u t e a n y

q u a r a n t e e , or h o l d o i f l c e as a d l r e c t o r or

s e c r e t a r y	of ,-.	company,	u n t i l 30	October
1988.

The e f f e c t of the second ordzt- , l f the u n a e r t a k i n q 1 s given, 1 5

that the bankrup t ;/l11 D e b o u n d b y t n e r o n d l t l o n f o r t h r e e y e a r s

f rom the d a t e of t h e dlscharqc-; I f the u n d e r t a k l n q 1 s no t given,

of c o u r s e , t h e a p p l l c a t l o n will simply be dlsrnissed.