Australian Securities & Investments Commission v Hallmark Gold NL [1999] FCA 360

FEDERAL COURT OF AUSTRALIA Australian Securities & Investments Commission v Hallmark Gold NL [1999] FCA 360

CORPORATIONS LAW – application for declarations that persons not validly appointed as directors – persons appointed to fill casual vacancies – no election of directors to fill vacated offices at general meeting – whether persons continued as directors – construction of articles. Australian Securities and Investments Commission Act 1989 (Cth) ss 1, 11(7), 13, 30, 232, 615 Corporations Act 1989 (Cth) s 56 Federal Court of Australia Act 1976 (Cth) s 21 Trade Practices Act 1974 (Cth) Corporations Law ss 2, 128, 129, 135, 224D(3), 243H, 249HA, 250R, 1324 Corporations (New South Wales) Act 1990 s 42(3) Brien v Australasian Memory Pty Ltd (1997) 149 ALR 393 cited Munster v Cammell Company (1882) 21 Ch D 183 cited Imperial and Grant Hotels Co Ltd v Christchurch Guardians [1905] 2 KB 239 cited West Riding of Yorkshire County Council v Parish Council of Middleton [1906] 2 KB 157 cited Spencer v Kennedy [1926] Ch 125 cited Grundt v Great Boulder Pty Mines Ltd [1948] Ch 145 cited Holt v Catterall (1931) 47 TLR 332 cited Robert Batcheller & Sons Ltd v Batcheller [1945] Ch 169 cited Petsch v Kennedy [1971] 1 NSWLR 494 cited Jones v Money Mining NL (1995) 17 ACSR 531 cited Re QCT Resources Ltd [1992] 1 Qd R 417 cited Stephen v Southern Cross Exploration NL (1976) CLC 40-253 cited Re Morris (1994) 15 ACSR 490 cited RAIA Insurance Brokers Ltd v FAI General Insurance Co Ltd (1993) 41 FCR 164 cited Tobacco Institute of Australia Ltd v Australian Federation of Consumer Organisations Inc (No 2) (1993) 41 FCR 89 cited Russian Commercial and Industrial Bank v British Bank for Foreign Trade Ltd [1921] 2 AC 438 cited Peek v New South Wales Egg Corporation (1986) 6 NSWLR 1 cited Thomson Australian Holdings Pty Ltd v Trade Practices Commission (1981) 148 CLR 150 distinguished