Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Thompson v ASIC [2002] FCA 512
CORPORATIONS LAW- stop order- power of Australian Securities and Investments Commission ("ASIC") to issue stop order in respect of an offer of securities under a disclosure document- where offer under the disclosure document had closed- consideration of Corporations Act 2001 (Cth) s 739 Corporations Act 2001 (Cth) ss 92(3), 700, 705, 706, 708, s 709(1), 710, 711, 712, 713, 714, 715, 724, 727(1), 728, s 739 Administrative Decisions (Judicial Review) Act 1977 (Cth) s 5 Acts Interpretation Act 1901 (Cth),ss 15AA, 15AB
Okalahoma-Texas Trust v Securities and Exchange Commission (1939) 100 F2d 888 referred to In the matter of Globe Aircraft Corporation (1947) 26 SEC 43 referred to The Shorter Oxford English Dictionary, vol II. 3rd ed at p 2168 Gowers, The Complete Plain Words, 1980 at p 216 ANDREW PETER THOMPSON AND WORLDAUDIO COMMUNICATIONS PTY LIMITED (ACN 093 983 601) v AUSTRALIAN SECURITIES & INVESTMENTS COMMISSION AND INTERNATIONAL MEDIA MANAGEMENT (HOLDINGS) LIMITED (ACN 008 666 233) N311 OF 2002 BRANSON J 26 APRIL 2002 SYDNEY
IN THE FEDERAL COURT OF AUSTRALIA
NEW SOUTH WALES DISTRICT REGISTRY N311 OF 2002
BETWEEN: ANDREW PETER THOMPSON
FIRST APPLICANT
WORLDAUDIO COMMUNICATIONS PTY LIMITED (ACN 093 983 601)
SECOND APPLICANT
AND: AUSTRALIAN SECURITIES & INVESTMENTS COMMISSION
FIRST RESPONDENT
INTERNATIONAL MEDIA MANAGEMENT (HOLDINGS) LIMITED (ACN 008 666 233)
SECOND RESPONDENT
JUDGE: BRANSON J
DATE OF ORDER: 18 APRIL 2002
WHERE MADE: SYDNEY
THE COURT ORDERS THAT
1. The application be dismissed. 2. The applicants pay the costs of the Australian Securities and Investment Commission.
IN THE FEDERAL COURT OF AUSTRALIA
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