18 Apr 2011
SECRETARY OF INTERNAL AFFAIRS V INTEGRATED COMMERCIAL SOLUTIONS LIMITED HC AK CIV-2010-404-5253
- Citation
- openlaw-78a949ce_2277_4909_bf29_f8600f01b954.pdf
- Court
- High Court
Payments identified were not actual, reasonable or necessary costs of conducting the Trust's gambling and therefore constituted net proceeds improperly paid; s112 empowers the Court to order recovery of those amounts from the real beneficiaries, and where payments arise under contract the contract's illegality is a necessary consequence of the s112 finding though remedies are to be applied consistently with the Illegal Contracts Act 1970; accordingly ICSL and Mr Cosgrave were jointly and severally liable to repay $975,629.39 to the Secretary.