This week’s TGIF examines the recent decision of the
Federal Court in Reid, in the matter of Kununurra Panel Beating
Works (Holdings) Pty Ltd Ltd (in liq) [2025] FCA 593 (Kununurra). In
providing a helpful summary of the principles applicable to
applications for pooling orders, the Court has also indicated that
the traditionally broad scope of section 90-15 of the
Insolvency Practice Schedule (Corporations) (IPSC) is not
without its limitations.
Key takeaways
- Pooling orders are a handy tool available to liquidators
appointed to multiple companies, allowing them to circumvent
unnecessary and costly investigation into intercompany affairs and
maximise payment to creditors of the companies as a whole. - A court must refuse…