Federal Court of Australia
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JUDGLS' CHAMBERS
ad ai FEDERAL COURT OF AUSTRALIA * UST NVER OT 450 LITTLE BOURKE STREET "DMN KeCEE MELBOURNE 3060
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5 October 1983.
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Mr. J. T. Howard, Registrar,
Principal Registry,
Federal Court of Australia, Level 16,
Law Courts Building,
Queens Square,
SYDNEY, N.S.W. 2000,
Dear Mr. loward,
re: Jet Corporation of Australia Pty. Ltd. and Ors. v. Petres Pty. Ltd. and Ors.
VG 109/1983
eae Please find enclosed a copy of his Honour's reasons for judgment with respect to certain motions of the
respondents in the above matter. The orders made by his Honour were as follows:
1. The motions by the respondents that the proceedings be stayed or dismissed generally or in part are each dismissed.
2. The motions by the respondents that the applicants provide security for costs are each dismissed.
3. Leave is granted to the applicants to strike out Electrum Acceptance Pty. Ltd. and Electrum Finance Pty. Ltd. as applicants in the proceedings.
4, Costs reserved.
5. Directions hearing adjourned to Tuesday, 11 October 1983 at 9.30 a.m.
His Honour has suggested that the attention of the law publishers need only be drawn to pages 22ff,of the judgment which deals with the question of security for costs. To that portion of the judgment the following catchwords may be appended:
"Federal Court - practice and procedure - application for order for security for costs against Company - source of jurisdiction or power - considerations in exercise of discretion.
Federal Court of Australia Act 1976 ss.56, 59. Federal Court Rules 0,28 Companies (Victoria} Code s.533."
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