FEDERAL COURT OF AUSTRALIA
Stingray Boats v Denmeade [2004] FCA 1256
STINGRAY BOATS (a firm) v PHILIP DENMEADE
No Q 159 of 2002ESANDA FINANCE CORPORATION LTD (ACN 004 346 043) v THE PROCEEDS OF THE SALE OF THE VESSEL BEING 12M ALUMINIUM SHIP IDENTIFICATION NUMBER 2523Q
No Q 101 of 2004SPENDER J
BRISBANE
24 SEPTEMBER 2004
IN THE FEDERAL COURT OF AUSTRALIA
QUEENSLAND DISTRICT REGISTRY IN ADMIRALTY
Q 159 OF 2002
BETWEEN:
STINGRAY BOATS (a firm)
APPLICANTAND:
PHILIP DENMEADE
RESPONDENTQ 101 OF 2004
BETWEEN:
ESANDA FINANCE CORPORATION LTD (ACN 004 346 043)
APPLICANTAND:
THE PROCEEDS OF SALE OF THE VESSEL BEING 12M ALUMINIUM SHIP IDENTIFICATION NUMBER 2523Q
RESPONDENTJUDGE:
SPENDER J
DATE OF ORDER:
24 SEPTEMBER 2004
WHERE MADE:
BRISBANE
THE COURT ORDERS THAT:
1.The order number 1 of 15 September 2004 is varied, as follows:
The Federal Court Marshal be paid the sum of $643.64 for costs of the arrest and sale from the proceeds of sale of the vessel being 12 metre aluminium ship, identification number 2523Q, and Esanda Finance Corporation Ltd and Philip Denmeade each be paid out of the said proceeds $1,000 as reimbursement of their contribution to the Marshal’s costs of the arrest and sale of the ship.
Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules.
IN THE FEDERAL COURT OF AUSTRALIA
QUEENSLAND DISTRICT REGISTRY IN ADMIRALTY
Q 159 OF 2002
BETWEEN:
STINGRAY BOATS (a firm)
APPLICANTAND:
PHILIP DENMEADE
RESPONDENTQ 101 OF 2004
BETWEEN:
ESANDA FINANCE CORPORATION LTD (ACN 004 346 043)
APPLICANTAND:
THE PROCEEDS OF SALE OF THE VESSEL BEING 12M ALUMINIUM SHIP IDENTIFICATION NUMBER 2523Q
RESPONDENT
JUDGE:
SPENDER J
DATE:
24 SEPTEMBER 2004
PLACE:
BRISBANE
REASONS FOR JUDGMENT
On 15 September 2004 I made orders in respect of the priority of claims against the funds in Court in the proceeds of sale of the 12 metre aluminium ship, identification number 2523Q.
In making those orders, the fact that Esanda Finance Corporation Ltd and Philip Denmeade had each paid $1,000 to the Marshal for his costs in respect of the arrest and sale of the vessel, was by inadvertence overlooked. The sum of $10,000 which Stingray Boats had paid to the Marshal on account of the Marshal’s costs was taken into account in respect of the second order that I made on 15 September 2004.
Pursuant to the slip rule, it is proper that the first order that I made on 15 September 2004 be altered so as to recognise the payments made by Esanda and Philip Denmeade to the Marshal on account of the Marshal’s costs.
All parties have today indicated their agreement with that altered order. I therefore, in substitution for the first order made on 15 September 2004, order:
The Federal Court Marshal be paid the sum of $643.64 for costs of the arrest and sale from the proceeds of sale of the vessel being 12 metre aluminium ship, identification number 2523Q, and Esanda Finance Corporation Ltd and Philip Denmeade each be paid out of the said proceeds $1,000 as reimbursement of their contribution to the Marshal’s costs of the arrest and sale of the ship.
I certify that the preceding four (4) numbered paragraphs are a true copy of the Reasons for Judgment herein of the Honourable Justice Spender . Associate:
Dated: 27 September 2004
Counsel for the Applicant: Q159/02 Mr Mark Gynther Solicitor for the Applicant: Lyon Smith Commercial Lawyers The respondent appeared on his own behalf Solicitor for the Applicant: Q101/04 Deacons Lawyers Date of Hearing: 24 September 2004 Date of Judgment: 24 September 2004
- AGLC
- Stingray Boats v Denmeade [2004] FCA 1256
- Case
- [2004] FCA 1256
- Decision Date
CaseChat Overview and Summary
The court considered the applicable legal principles regarding the distribution of sale proceeds in enforcement of judgment debts. It examined the statutory provisions and case law to ensure that the costs incurred were appropriately deducted from the sale proceeds before any distribution to the judgment creditor. The court also took into account the contributions made by Esanda Finance Corporation Ltd and Philip Denmeade towards the Marshal's costs and ruled that these parties were entitled to reimbursement from the sale proceeds. After thorough analysis, the court determined that the Federal Court Marshal should be paid $643.64 for the costs of arrest and sale from the vessel's sale proceeds. Additionally, Esanda Finance Corporation Ltd and Philip Denmeade were each to be reimbursed $1,000 from those proceeds for their contributions to the Marshal’s costs.
As a result of this decision, the order dated 15 September 2004 was varied to reflect the new distribution of the vessel's sale proceeds. The Federal Court Marshal was to receive $643.64 for the costs of arrest and sale, while Esanda Finance Corporation Ltd and Philip Denmeade were each to be reimbursed $1,000 from the sale proceeds for their contributions to those costs. This ruling ensured that the legal principles governing the enforcement of judgment debts were upheld and that all entitled parties were appropriately compensated.
Orders
Orders of the court
1. The order number 1 of 15 September 2004 is varied, as follows:
The Federal Court Marshal be paid the sum of $643.64 for costs of the arrest and sale from the proceeds of sale of the vessel being 12 metre aluminium ship, identification number 2523Q, and Esanda Finance Corporation Ltd and Philip Denmeade each be paid out of the said proceeds $1,000 as reimbursement of their contribution to the Marshal’s costs of the arrest and sale of the ship.
Background
Background to the litigation
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Evidence
Evidence Before The Court
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Decision
Reasons for decision
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Ratio Decidendi
Legal Principle Established
Established by: SPENDER J
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