17 Jul 2023
The Court concluded that, on the material before it and having corrected the charge‑out rate, the liquidators' remuneration of $94,269 fairly and reasonably reflected the value of services rendered to the creditors and therefore approved that amount.
29 May 2023
The Court approved the liquidators' fees because, taking into account the nature and extent of work performed, staffing levels, hours, and substantial write‑offs that reduced recoverable fees and average rates, the proposed remuneration fairly and reasonably reflected the value of services rendered to creditors and no objections were made.
29 May 2023
The Court was satisfied the proposed remuneration of $22,245.66 is fair and reasonable and appropriately reflects the value of services rendered to the creditors given the work performed, the modest scale of the liquidation, the breakdown of time and rates, and the absence of challenge; the application for approval of liquidators' fees is granted.
21 Dec 2022
The Court approved retrospective leave for higher hourly rates and approved the liquidators' remuneration at $100,900 (plus GST and disbursements) because the fees, net of a $9,631 write-off, produced an average hourly recovery rate within normal range, reflected necessary work in contested recoveries caused by directors/shareholders, and were accepted by the principal creditor (Commissioner of Inland Revenue); the approval was proportionate and consistent with the Court's supervisory duty to ensure fees reflect value to creditors.
25 Mar 2019
The Court approved the liquidators' fees of $101,615 (ex GST) because the rates matched ordinary PwC liquidation rates previously approved by the Court, the work performed was necessary and proportionate to protect assets and administer the liquidation (including urgent oversight of a mortgagee sale and additional property sale), senior staff involvement was justified, and key stakeholders including the Commissioner and shareholders did not object.
4 Mar 2015
Given majority creditor support for the family-funded proposal, absence of misconduct, Official Assignee's practical non-opposition, and that continued bankruptcy offered no public or creditor benefit, the court granted conditional early discharge to Petah Dransfield and Benjamin Everett and approved Jacqueline Everett's proposal, subject to receipt of trustee Horton's report confirming drawdown and distributions carried out in accordance with the agreed single-claim treatment of creditors.