Catchwords:

BANKRUPTCY – where bankrupt made payments of money to appellant pursuant to fraudulent betting scheme – where appellant distributed amounts among syndicate members – where Official Receiver gave notice under s 139ZQ of Bankruptcy Act 1966 (Cth) requiring appellant to pay to trustee an amount equal to money received as a result of void transaction – where appellant applied to set aside notice under s 139ZS of Bankruptcy Act – whether Subdiv J of Div 4B of Pt VI of Bankruptcy Act applied to appellant on the basis of alleged facts and circumstances set out in notice – whether transfer of property void against trustee under s 120 of Bankruptcy Act – whether appellant gave market value consideration for transfer of property – whether payments from bank account in name of company controlled by bankrupt were payments of money by bankrupt – whether notice should not have been given in circumstances where Official Receiver was aware of genuine and substantial challenge to alleged facts and circumstances because of which the transaction was considered to be void against trustee.