IMF (Australia) Ltd v Meadow Springs Fairway Resort Ltd (In Liquidation) (No 2)[2009] FCAFC 69

FEDERAL COURT OF AUSTRALIA

IMF (Australia) Ltd v Meadow Springs Fairway Resort Ltd (In Liquidation) (No 2) [2009] FCAFC 69 COSTS – offer of compromise – whether genuine offer – presumption of entitlement to indemnity costs under O 23 r 11 – whether compelling and exceptional circumstances COSTS – whether appeal is separate proceeding from first instance hearing – whether offer of compromise made at time of hearing is sufficient to give rise to a presumption of entitlement to indemnity costs of subsequent appeal Federal Court of Australia Act 1976 (Cth) s 4 Federal Court Rules O 23 Corporations Act 2001 (Cth) s 511 Attorney-General v Sillem (1864) 10 HLC 704, applied. CDJ v VAJ (1998) 197 CLR 172, applied. Coal & Allied Operations Pty Ltd v Australian Industrial Relations Commission (2000) 203 CLR 194, applied. Ettinghausen v Australian Consolidated Press (1995) 38 NSWLR 404, applied. Kapeleris v Bytenet Pty Ltd [1997] FCA 1005, cited. Port Kembla Coal Terminal Limited v Braverus Martime Inc (No. 2) (2004) 212 ALR 281, applied. In Re Universal Distributing Company Limited (1932) 48 CLR 171, referred to. IMF (AUSTRALIA) LTD (ACN 067 298 088) v MEADOW SPRINGS FAIRWAY RESORT LTD (IN LIQUIDATION) (ACN 084 358 592) & ORS

WAD 124 of 2008 MEADOW SPRINGS FAIRWAY RESORT LTD (IN LIQUIDATION) (ACN 084 358 592) v BALANCED SECURITIES LTD (ACN 083 514 685) & ORS WAD 134 of 2008

NORTH, EMMETT AND RARES JJ

4 JUNE 2009

PERTH IN THE FEDERAL COURT OF AUSTRALIA

WESTERN AUSTRALIA DISTRICT REGISTRY WAD 124 of 2008

ON APPEAL FROM A SINGLE JUDGE OF THE FEDERAL COURT OF AUSTRALIA

BETWEEN: IMF (AUSTRALIA) LTD (ACN 067 298 088)

Appellant

AND: MEADOW SPRINGS FAIRWAY RESORT LTD (IN LIQUIDATION) (ACN 084 358 592)

First Respondent

BALANCED SECURITIES LTD (ACN 083 514 685)

Second Respondent