Catchwords:
CORPORATIONS – External administration – Duties and powers of liquidators – Disclaimer of land by liquidators – Control of the property of a company in liquidation – Liability of liquidator to incur expenses – Meaning of ‘incur any expense’ – Whether there is ‘sufficient available property’ – Whether standing to apply to set aside a disclaimer – Whether interest in land, or claim to have an interest in land – Whether setting aside disclaimer would cause prejudice grossly out of proportion to the prejudice to creditors – Undertaking as to recourse to assets if disclaimer set aside – Whether direct inconsistency between s 62(2) of the Environment Protection Act 1970 (Vic) and s 545(1) of the Corporations Act 2001 (Cth) – Meaning of direct inconsistency – No direct inconsistency – Concurrent operation of Federal and State provisions – Corporations Act 2001 (Cth) ss 5E(1)–(4), 5G(1)–(3), 5G(11), 474(1)–(2), 545, 568(1), 568B, 568C(1)–(2), 568D; Corporations (Ancillary Provisions) Act 2001 (Vic) ss 8(1), 8(4), 8(6); Companies Act 1961 (Vic) s 287.
ENVIRONMENT PROTECTION – Principles of environment protection – Whether liquidators are occupiers of contaminated land – Dumping and abandonment of waste – Clean up – Whether liquidators cease to be occupiers of land on clean up by the Environment Protection Authority – Recovery of clean up costs – Statutory debt – Charge on land – Environment Protection Act 1970 (Vic) ss 1A, 1D, 1F(2), 1G(1), 1K, 4(1) definitions of ‘occupier’ and ‘premises’, 4(3), 4(3A), 4(4), 62(1)–(3), 66B(1).
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