Creditors of large developer hoping for a winding-up order to be issued may now be waiting until close to Christmas, following a court adjournment.
An application for a winding up order against Lifestyle Home Management (ACT) Pty Ltd was lodged by the Australian Taxation Office in September and was heard in the Federal Court on Wednesday.
But the the barrister for Lifestyle Home Management - Geoffrey McDonald, of 9 Windeyer Chambers - sought an eight-week adjournment.
Tradies and small businesses who say they are owed money by the developer could have been waiting until next year to have any sort of resolution, as a result.
A lawyer representing the deputy commissioner for taxation, however, argued the application should be dealt with this year.
A solicitor representing a private creditor also appeared.
It will now be heard in mid-December, bringing with it potential reprieve for those who may have been left out of pocket by the developer.
Lifestyle Home Management (ACT) Pty Ltd is registered at the same address as the now-deregistered Lifestyle Home Accounts (ACT) Pty Ltd, according to documents held by the Australian Securities and Investments Commission and obtained by The Canberra Times.
Gary Kelly, who has been the director of both companies at various times, was disqualified in January from managing corporations until October 23, 2025. He was also the director of 3 Property Group.
Lifestyle Home Accounts (ACT) Pty Ltd was deregistered on October 1, 2023 under a different director.
Do you know more? Contact Lucinda at l.garbutt-young@austcommunitymedia.com.au
