Shaun Robert Fraser in his capacity as joint and several receiver and manager of Pacific Street Properties Pty Ltd (Receivers and Managers Appointed) and Campbelltown Factory Outlet Pty Ltd (Receivers and Managers...

In the Supreme Court of New South Wales, Shaun Robert Fraser, as the joint and several receiver and manager of Pacific Street Properties Pty Ltd, and Campbelltown Factory Outlet Pty Ltd, were involved in a dispute with other former business partners over the entitlement to fit-out and stock held at a retail store. The company owning the store was controlled by one of the partners. The primary issue before the court was whether the fit-out and stock constituted partnership property, which would entitle the receivers and managers to claim ownership, or if they belonged to the company controlled by one of the partners.

The court examined the nature of the relationship between the parties and the terms of their agreement. It considered whether the fit-out and stock were acquired for the partnership's benefit or for the individual benefit of the company. The court found that the fit-out and stock were not partnership property but rather belonged to the company, as they were acquired for the company's benefit and were under its control. The court also noted that there were no questions of principle involved in this dispute.

The Supreme Court ruled in favour of the receivers and managers of the company controlled by one of the partners, determining that the fit-out and stock were not partnership property. The receivers and managers were thus entitled to claim ownership of these assets. The final orders of the court confirmed the entitlement of the receivers and managers to the fit-out and stock, resolving the dispute among the former business partners.