Chaina v Presbyterian Church
[2018] NSWSC 280
At a glance
Source factsCourt
Supreme Court of NSW
Decision date
2018-03-06
Before
Brereton J, Portfolio Legislation J
Source
Original judgment source is linked above.
Judgment (8 paragraphs)
Solicitors: Self-represented (P) Brown Wright Stein (Ds) File Number(s): 2013/153589
Judgment
- On 31 January 2018, I published reasons for judgment [1] in which I concluded that there should be orders to the effect that: 1. Pursuant to Corporations Law s 233, Gary, Susan and Sharmark purchase Brian's shareholding in Optimisation, for a price of $725,000, adjusted for the balance of his loan account, and the loan account discharged; 2. Pursuant to Corporations Law s 1317H: 1. Gary pay compensation to Optimisation in the sum of $66,656.33 (being the amount of $2,084.33 overpaid to him, and $64,572 overpaid to Susan during the period 2007 to 2011); 2. Gary and Susan pay compensation to Optimisation in the sum of $85,204.86 (being the amounts of $26,000 and $29,166.62 overpaid to Susan while in England, and $30,038.24 overpaid annual leave); and 3. Gary and Orchard pay compensation to Optimisation in the sum of $208,618.75 (being the amount of the overpayments to Orchard); 4. Optimisation pay Brian $8,333.33 (being the additional notice to which Brian was entitled); 1. The cross-claim be dismissed
- In order to afford counsel an opportunity to consider the reasons before formal orders were made, to allow an opportunity to review my calculations and identify any matters which might have been overlooked, I directed that the plaintiff bring in short minutes of orders to give effect to the judgment at which time any such matters, the question of costs, and any other consequential issues, might also be addressed.