[2025] FCA 1694
General information, not legal advice.
Federal Court of Australia
2025-12-24
Dowling J
Original judgment source is linked above.
IN THE MATTER OF M.A SERVICES GROUP PTY LTD (ACN 151 498 001) (ADMINISTRATORS APPOINTED)
GLEN KANEVSKY AND JASON TRACY (IN THEIR CAPACITIES AS JOINT AND SEVERAL ADMINISTRATORS OF THE SECOND PLAINTIFF)
(a) where the First Plaintiffs (the Administrators) have an email address for a creditor (including persons or entities claiming to be creditors), by sending the Notice by email to each such creditor, irrespective of whether the creditor has nominated to receive electronic notifications of documents;
(b) where the Administrators do not have an email address for a creditor (including persons or entities claiming to be creditors), but have a postal address for that creditor, by sending the Notice by post to each such creditor;
(c) by publishing the Notice on the Australian Securities and Investments Commission (ASIC) published notices website appearing at https://publishednotices.asic.gov.au; and
(d) by publishing the Notice on a creditor portal on a website to be established by the Administrators (Creditor Portal).
(a) where the Administrators have an email address for a creditor (including persons or entities claiming to be creditors), by sending the Notice by email to each such creditor, irrespective of whether the creditor has nominated to receive electronic notifications of documents;
(b) where the Administrators do not have an email address for a creditor (including persons or entities claiming to be creditors), but have a postal address for that creditor, by sending the Notice by post to each such creditor;
(c) to the extent the matter relates to a meeting that is the subject of s 75-40(4) of the IPR, by causing notice of the meeting to be published on the ASIC published notices website at https://publishednotices.asic.gov.au; and
(d) by publishing the Notice on the Creditor Portal.
(a) the Administrators conduct a virtual meeting by way of a livestream format, where participants are able to participate in the meeting by way of a written live chat function which is visible only to the chairperson of the meeting (or his or her delegate), but cannot orally address the meeting;
(b) the Administrators have given a notice to creditors of the Second Plaintiff (in accordance with Order 2) that specifies that questions, requests for information, or comments that they wish to raise at the First Meeting should be submitted, to the extent possible, to the Administrators on or prior to midday on 6 January 2026; and
(c) the Administrators:
(i) answer or address at the First Meeting, as far as practicable, questions, requests for information, or comments submitted by creditors on or prior to midday on 6 January 2026, for a period of not less than two hours or until all such questions, requests for information, and comments have been responded to (whichever occurs sooner); and
(ii) may, but are not required at the First Meeting to, answer or address any questions, requests for information, or comments submitted by creditors after midday on 6 January 2026.
Limitation of Administrators' personal liability under leases
(a) the Administrators personal liability under subss 443A(1)(c) and 443B(2) of the Corporations Act begins on 16 January 2026, such that the First Plaintiffs are not personally liable for any liability with respect to the property leased, used or occupied by the Second Plaintiff (including amounts payable pursuant to any leases entered into by the Second Plaintiff) under the leases listed in the attached Schedule 2, in the period from 23 December 2025 to 16 January 2026 inclusive; and
(b) the words "within five business days after the beginning of the administration" in s 443B(3) of the Corporations Act instead read "by 16 January 2026".
Extension of time to respond to creditor requests
(a) the words "5 business days after receiving the request" be read as "10 business days after receiving the request, where that request is received after midday on 6 January 2026"; and
(b) the Administrators may provide the information, report, or document requested by a creditor by publishing that information, report, or document on the Creditor Portal.
Other matters
(a) ASIC; and
(b) to creditors of the Second Plaintiff (including persons or entities claiming to be creditors) in the manner specified in Order 2.
Note: Entry of orders is dealt with in Rule 39.32 of the Federal Court Rules 2011.
(Delivered ex tempore, revised from transcript)
(1) they be entitled to give notice of the first creditors meeting by a combination of email, post, and notices on the Australian Securities and Investment Commission (ASIC) website and an Administrator's creditor portal;
(2) the creditors meetings be conducted by audiovisual facilities and telephone;
(3) there be changes and extensions to the time by which they must respond to creditors' requests for information; and
(4) there be a limited order relieving them of certain personal liability for debts incurred by the Company for a limited period of time.
NOTIFICATION OF CREDITORS OF FIRST CREDITORS MEETING
TIME TO RESPOND TO CREDITORS' REQUESTS FOR INFORMATION
LIMITATION OF ADMINISTRATORS' PERSONAL LIABILITY
I certify that the preceding thirty-five (35) numbered paragraphs are a true copy of the Reasons for Judgment of the Honourable Justice Dowling.
GLEN KANEVSKY AND JASON TRACY (IN THEIR CAPACITIES AS JOINT AND SEVERAL ADMINISTRATORS OF THE SECOND PLAINTIFF)
1st Floor Office Unit 1/468-470 Victoria St, Wetherill Park, NSW 2164
Level 5, suite 1, 100 George St, Parramatta, NSW 2150
Gulf Centre - 116 Coonawarra Road Winnellie (Building 3, T12/13)
Suite FF3 on the first Floor of 5 Grevillea Place, Brisbane Airport
Report of registered security interests from the personal property securities register (PPSR) 23/12/2025 at 08:56
Motor vehicle - Any property which is from time to time subject to a security interest under an Asset Finance Agreement (AFA) entered into on or after 13/01/2017 for a motor vehicle in accordance with the Master Asset Finance Agreement (MAFA) between the Grantor and the Secured Party dated on or around 23/11/2016 contract ML2720714, or any other security agreement replacing the AFA or MAFA or arising under an y
Other goods - All goods sold, leased, rented, bailed, consigned or otherwise made available from time to time (whether present or future) by the secured party to the grantor.
Other goods - Collateral supplied by the secured party, including but not limited to security and electrical goods and related products.
All present and after-acquired property - No exceptions
Intangible property - Account Each present and future account which secured party purchases from grantor or which secured party controls in accordance with section 341(3) of the Personal
intangible property comprising present and future accounts which are described in
Intangible property - General intangible - The ADI account which is the 'nominated account' defined in the terms and conditions of the debtor finance facility agreement between the Grantor and the Secured Party.
intangible property being the collateral, including money
All present and after-acquired property - No exceptions
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
Other goods - All goods supplied by Secured Party of the Grantor including but not limited to surveillance equipment, and other related goods.
collateral, and all other present and after acquired property.
Other goods - All goods, equipment and/or other tangible property (including any accessions to those goods, equipment and/or property) sold, leased, hired, rented, bailed, supplied on consignment, sold subject to a conditional sale agreement including retention of title or otherwise made available by the secured party to the grantor.
Other goods - All goods supplied by the Secured Party to the Grantor.
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
Yes - Any insurance policy and its proceeds relating to
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
Other goods - Collateral supplied by the secured party, including but not limited to security and electrical goods and related products.
Other goods - All goods and equipment supplied, bailed, leased or consigned by the Secured Party to the Grantor from time to time (including without limitation tyres, wheels, storage equipment, signs and other related products)
collateral, and all other present and after acquired property.
collateral, and all other present and after acquired property.
Other goods - PHOTOCOPIER Serial No.: SAA2J041005029
Other goods - PHOTOCOPIER Serial No.: SAA2J041000652
Other goods - PHOTOCOPIER Serial No.: SAA2K041001159
collateral, and all other present and after acquired property.
Other goods - PHOTOCOPIER Serial No.: SAA2K041003738
SERIAL NUMBER VARIOUS, REFER TO INVOICES AND DOCS FOR BREAKDOWN.
All present and after-acquired property - No exceptions
Other goods - All goods sold, leased, hired, rented, bailed, supplied on consignment, sold subject to a conditional sale agreement including retention of title or otherwise made available by the secured party to the grantor.
collateral, and all other present and after acquired property.
Other goods - COPIERC300I Serial No.: SAA2K041016027
Other goods - COPIER C300I Serial No.: SAA2K041018597
Other goods - All goods sold, leased, hired, rented, bailed, supplied on consignment, sold subject to a conditional sale agreement including retention of title or otherwise made available by the secured party to the grantor.
Other goods - All goods and equipment (whether or not inventory of the grantor) including, without limitation, white & brown goods, electronics, accessories, software, communications, IT, home appliances and gift cards, supplied by or on behalf of JB Hi-Fi Group Pty Limited to the grantor under the Terms and Conditions of Sale set out in the JB Hi-Fi Solutions Credit Application and all other trade agreements entered into between one or more of the secured parties and the grantor.
Yes - All proceeds (as that term is defined in S.31 of the Personal
Securities Act) arising from the sale or any other dealing with any of the collateral including, without
limitation, goods, money, accounts receivable chattel paper, intangibles, negotiable instruments, documents of title and investment securities.