FEDERAL COURT OF AUSTRALIA

 

Politano v ACN 060 442 926 Pty Ltd [2000] FCA 882



 

 

 

 

 

 

 

 


BRUNO AND MARIA TERESA POLITANO & ANOR v ACN 060 442 926 PTY LIMITED & ORS

 

 

 

NG 416 of 1998

 

 

 

 

 

 

 

LINDGREN J

26 JUNE 2000

SYDNEY


IN THE FEDERAL COURT OF AUSTRALIA

 

NEW SOUTH WALES DISTRICT REGISTRY

NG 416 OF 1998

 

BETWEEN:

BRUNO AND MARIA TERESA POLITANO

FIRST APPLICANTS/SECOND AND THIRD CROSS-RESPONDENTS

 

FRESH ’N CLEAN PTY LIMITED (ACN 078 797 994)

SECOND APPLICANT/FIRST CROSS-RESPONDENT

 

AND:

ACN 060 442 926 PTY LIMITED

FIRST RESPONDENT/CROSS-CLAIMANT

 

JOSEPH MICHAEL JOHN FARRUGIA

SECOND RESPONDENT

 

SANDRA LEE FARRUGIA

THIRD RESPONDENT

 

JOHN CAINS

FOURTH RESPONDENT

 

GIUSEPPE POLITANO

FOURTH CROSS-RESPONDENT

 

JUDGE:

LINDGREN J

DATE OF ORDER:

26 JUNE 2000

WHERE MADE:

SYDNEY

 

CORRIGENDUM

 

 

Annex to the Reasons for Judgment dated 26 June 2000 of the Honourable Justice Lindgren, the attached schedule which was referred to in them but not previously attached to them.

 

 

 

 

 

 

 

 

Associate:

 

Dated:


Date

Calculation

Amount

15 August 1997

Paid

375,000

 

Expenses

   11,025.80

 

Sub-total

386,025.80

 

Less Value of plant, fittings and chattels

  32,096

 

Outstanding debt to vendor

121,939.48

 

Sub-total

231,990.32

 

 

 

 

 

 

15.08.97-30.06.98

Losses

77,883

01.07.98-30.06.99

Losses

47,254

01.07.99-30.06.00

Losses

Nil

 

Sub-total

125,137

 

 

 

 

 

231.990.32

 

 

125,137

 

Total Losses

357,127.32

 

 

 

 

 

 

Interest on 231,990.32 from 15.08.97 – 26.06.00

 

 

15.08.97-31.08.97

16 days @ 10.5%

  1,067.79

01.09.97-31.08.98

One year @10.0%

23,199.03

01.09.98-29.02.00

547 days @ 9.5%

33,028.43

29.02.00-26.06.00

118 days @ 10.0%

   7,499.96

 

Sub-total

64,795.21

 

 

 

 

 

 

Interest on 77,883.00 from 01.07.98 – 26.06.00

 

 

01.07.98-31.08.98

62 days @ 10.0%

   1,322.95

01.09.98-29.02.00

547 days @ 9.5%

11,088.20

29.02.00-26.06.00

118 days @ 10.0%

   2,517.86

 

Sub-total

14,929.01

 

 

 

Interest on 47,254.00 from 01.07.99 to 26.06.00

 

 

01.07.99-29.02.00

244 days @ 9.5%

3,000.95

29.02.00-26.06.00

118 days @ 10%

1527.67

 

Sub-total

4,528.62

 

Total losses plus interest

$441,380.16