14 Feb 2007
SOLICITOR GENERAL V HUSEIN HC AK CIV 2006-404-006798
- Citation
- openlaw-a303e0ce_897f_4e5b_b531_4ad3b180d58e.pdf
- Court
- High Court
The Court concluded it was desirable to order transfer under s66C because retention in Westpac's suspense account imposed ongoing administrative and audit difficulties on the bank and the funds earned no interest; the Official Assignee can hold the money in an interest-bearing account and has reporting requirements that do not produce the same administrative burden, so the balance of utility and protection of parties favoured transfer.