NEW SOUTH WALES COURT ISSUES JUDGEMENT FOR IN THE MATTER OF DEXTERITY HOLDINGS (MANAGERS APPOINTED PURSUANT TO THE PROPERTY AND STOCK AGENTS ACT 2002); IN THE MATTER OF CUBED REALTY (MANAGERS APPOINTED PURSUANT TO THE PROPERTY AND STOCK AGENTS ACT 2002); IN THE MATTER OF EQUITY STRATA (MANAGERS APPOINTED PURSUANT TO THE PROPERTY AND STOCK AGENTS ACT 2002) [2025] NSWSC 368 CASE

Australia, May 9 -- New South Wales Land and Environment Court issued text of the following judgement on April 9:

1. Each of Dexterity Holdings Pty Ltd ("Dexterity Holdings"), Cubed Realty Pty Ltd ("Cubed Realty") and Equity Strata Pty Ltd ("Equity Strata") initially sought orders for their own winding up on the ground of insolvency and also on the just and equitable ground, in an application brought by the managers appointed to those companies by the Department of Fair Trading (NSW) ("DFT") pursuant to the Property and Stock Agents Act 2002 (NSW) ("PSA"). Equity Strata, on the instructions of those managers, have now sought leave to discontinue the application in respect of Equity Strata. There is no reason that that leave should not be g...