Federal Court of Australia
CATCHWORDS Trade Practices Act s.52 - Whether arguments advanced in advertisement responding to take-over announcement are misleading - Statements of opinion - Importance of context - Motion for summary dismissal - Whether shareholders are consumers - Associated jurisdiction under Companies (Acquisition of
Shares) (Vic) Code.
Trade Practices Act 1974, 3.52 Federal Court Rules, Order 20 r.2
General Steel Industries Inc. v. Commissioner for Railways (NSW) (1964) 112 C.L.R. 125
Universal Telecasters (Queensland) Ltd. v. Ainsworth Consolidated Industries Ltd. (1983) 5 A.T.P.R. 44,523
Parkdale Custom Built Furniture Proprietary Limited v. Puxu Proprietary Limited (1982) 149 C.L.R. 191
Global Sportsman Pty. Ltd. v. Mirror Newspapers Pty. Ltd. (1984) 2 F.C.R. 82
Bond Corporation Holdings Ltd. v. Grace Bros. Holdings Ltd. (1983) 8 A.C.L.R. 61
Stack v. Coast Securities (No. 9) Proprietary Limited (1983) 154 C.L.R. 261
INDUSTRIAL EQUITY LIMITED & ANOR. V._ NORTH BROKEN HILL HOLDINGS LIMITED & ORS.
No. NSW G. 23 of 1986
Burchett J. Sydney 3 March 1986
IN THE FEDERAL COURT OF AUSTRALIA NEW SOUTH WALES DISTRICT REGISTRY
GENERAL DIVISION
No. 23 of 1986
BETWEEN :
INDUSTRIAL EQUITY LIMITED and___ PORTFOLIO SERVICES
LIMITED Applicants
NORTH BROKEN HILL HOLDINGS LIMITED
First Respondent
LEITH MAURICE __ JARMAN, RICHARD LAWRENCE BAILLIEU, FRANCIS MARK ___BETHWAITE, PETER CHARLES __ BARNETT, GEOFFREY WILLIAM FORSTER, COLIN JAMES HARPER, TAN ANDREW RENARD, DAVID ROY STEWART, PETER HAROLD WADE and RICHARD FLEMING WALCH
Second Respondents
MINUTE OF ORDER OF THE COURT
Judge making order: Burchett J.
Date of order: 3 March 1986 Where made: Sydney
THE COURT ORDERS THAT:
(1) The application be dismissed.
(2)
The applicants pay the costs of the respondents, North and its Directors, Leith Maurice Jarman, Richard Lawrence Baillieu, Francis Mark Bethwaite, Peter Charles Barnett, Geoffrey William Forster, Colin James Harper, Ian Andrew Renard, David Roy Stewart, Peter Harold Wade and Richard Fleming Walch.
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