Insolvency News

  • Set-off as a defence to an unfair preference claim

    In the case of Morton & Anor v Rexel Electrical Supplies Pty Ltd [2015] QDC 49 (Morton v Rexel), theQueensland District Court considered whether set-off under section 553C of the Corporations Act (the Act) could be used as a defence to a liquidator’s claim that payments made by a company in liquidation to a creditor were unfair preference payments.