Federal Court of Australia
CATCHWORDS
TRADE PRACTICES - Prosecutions - Misleading representation concerning the effect of conditions - Conduct liable to mislead the public as to the characteristics of services - Sale by agent of investment contracts - Contracts providing for discount at rate of 4% per year upon settlement prior to expiration of full 25 year term - Agents trained to sell on basis of 10 year investment - Agents not informed of existence of discount - No information given to clients relating to
discount - Pleas of guilty - Assessment of penalties.
Trade Practices Act 1974 ss.53(g), 55A, 75B, 79.
NSW G.116 and G.124 of 1986 RONALD EDWARD ADAMS v_ ANTHONY BRYANT & CO PTY LTD
NSW G.135 of 1986 RONALD EDWARD ADAMS v VENN CHARLES WILLIAMS
NSW G.146 of 1986 RONALD EDWARD ADAMS v_ BRIAN AHEARNE
Wilcox J Sydney 14 April 1987
IN THE FEDERAL COURT OF AUSTRALIA
) ) NEW SOUTH WALES DISTRICT REGISTRY ) NSW G.116 of 1986 ) )
GENERAL DIVISION
CORAM: PLACE:
DATE:
BETWEEN: RONALD EDWARD ADAMS
Prosecutor
AND: ANTHONY BRYANT & CO PTY LTD
Defendant
WILCOX J SYDNEY
14 APRIL 1987
MINUTES OF ORDER
THE COURT ORDERS THAT: -
2.
Note:
The defendant be convicted of a contravention of
s.53(g) of the Trade Practices Act 1974 being the
offence alleged in the information filed herein on 24
April 1986.
The defendant pay a fine of forty thousand dollars ($40,000) to the Registrar of this Court within
twenty~one (21) days of this day.
Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules. See also Order 37 rule 2(3).
IN THE FEDERAL COURT OF AUSTRALIA
) ) NEW SOUTH WALES DISTRICT REGISTRY ) NSW G.124 of 1986 ) )
GENERAL DIVISION
CORAM: PLACE:
DATE:
BETWEEN: RONALD EDWARD ADAMS
Prosecutor
AND: ANTHONY BRYANT & CO PTY LTD
Defendant
WILCOX J SYDNEY
14 APRIL 1987
MINUTES OF ORDER
THE COURT ORDERS THAT:
1.
Note:
The defendant be convicted of a contravention of
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