Apparently the receivers and managers of Australasian Annuities Pty Ltd (in liq) have appealed against the decision of Almond J of the Victorian Supreme Court in Australasian Annuities Pty Ltd (in liq) v Rowley Super Fund Pty Ltd [2013] VSC 543. The Court had found that the sole director of a family trust company had breached fiduciary duties owed to the company by facilitating the making of contributions to a super fund either directly by the family company or indirectly on behalf of individual members of the super fund.
[FJM Note: This is puzzling, as I understood that Australian Annuities Pty Ltd (in Liq) had won the case and got orders in its favour to extract the contributions out of the superannuation fund, but perhaps the Receivers & Managers now have decided that they (the secured creditors) should have the money returned from the super fund (not the general creditors).]
[LTN 227, 22/11/13]