FEDERAL COURT OF AUSTRALIA

Russo v Private Funds Management Pty Ltd [2011] FCA 872

Citation:

Russo v Private Funds Management Pty Ltd [2011] FCA 872

Appeal from:

Russo v Private Funds Management Pty Ltd [2011] FMCA 8

Parties:

ANGELO PETER RUSSO v PRIVATE FUNDS MANAGEMENT PTY LTD, ANNETTE JOY CONN and ROBERT CHRZASZCZ & ASSOCIATES

File number(s):

SAD 8 of 2011

Judge:

TRACEY J

Date of judgment:

5 August 2011

Date of last submissions

2 June 2011

Legislation:

Bankruptcy Act 1966 (Cth) s 109

Cases cited:

Mearns v Australian Litigation Fund Pty Ltd [2006] FCAFC 168 followed

Russo v Private Funds Management Pty Ltd [2011] FCA 542 referred to

Date of hearing:

26 May 2011

Place:

Melbourne (heard in Adelaide)

Division:

GENERAL DIVISION

Category:

No catchwords

Number of paragraphs:

5

Counsel for the Appellant:

The Appellant did not appear

Counsel for the Respondents:

Mr S Abbott

Solicitor for the Respondents:

Madsen Rowley

IN THE FEDERAL COURT OF AUSTRALIA

SOUTH AUSTRALIA DISTRICT REGISTRY

GENERAL DIVISION

SAD 8 of 2011

ON APPEAL FROM THE FEDERAL MAGISTRATES COURT OF AUSTRALIA

BETWEEN:

ANGELO PETER RUSSO

Appellant

AND:

PRIVATE FUNDS MANAGEMENT PTY LTD

First Respondent

ANNETTE JOY CONN

Second Respondent

ROBERT CHRZASZCZ & ASSOCIATES

Third Respondent

JUDGE:

TRACEY J

DATE OF ORDER:

5 AUGUST 2011

WHERE MADE:

MELBOURNE (HEARD IN ADELAIDE)

THE COURT ORDERS THAT:

1.    The Respondents’ costs of the appeal, including reserved costs, be taxed and paid out of the Appellant’s estate in accordance with para 109(1)(a) of the Bankruptcy Act 1966 (Cth).

Note: Entry of orders is dealt with in Rule 39.32 of the Federal Court Rules 2011

IN THE FEDERAL COURT OF AUSTRALIA

SOUTH AUSTRALIA DISTRICT REGISTRY

GENERAL DIVISION

SAD 8 of 2011

ON APPEAL FROM THE FEDERAL MAGISTRATES COURT OF AUSTRALIA

BETWEEN:

ANGELO PETER RUSSO

Appellant

AND:

PRIVATE FUNDS MANAGEMENT PTY LTD

First Respondent

ANNETTE JOY CONN

Second Respondent

ROBERT CHRZASZCZ & ASSOCIATES

Third Respondent

JUDGE:

TRACEY J

DATE:

5 AUGUST 2011

PLACE:

MELBOURNE (HEARD IN ADELAIDE)

REASONS FOR JUDGMENT

1        On 26 May 2011 I dismissed an appeal by Mr Russo against a decision of a Federal Magistrate who had refused to set aside a sequestration order which had been made by a Registrar of the Court: see Russo v Private Funds Management Pty Ltd [2011] FCA 542.

2        I invited the parties to file and serve written submissions as to what, if any, orders should be made relating to the costs of the unsuccessful appeal.

3        The Respondents filed a written submission seeking an order that their costs of the appeal be taxed and paid out of Mr Russo’s bankrupt estate.

4        Mr Russo filed no submissions on costs.

5        The order sought by the Respondents is a usual order following unsuccessful appeals in cases such as the present: see Mearns v Australian Litigation Fund Pty Ltd [2006] FCAFC 168 at [4]. Such an order should be made in this case.

I certify that the preceding five (5) numbered paragraphs are a true copy of the Reasons for Judgment herein of the Honourable Justice Tracey.

Associate:

Dated:    5 August 2011