Australian Securities & Investments Commission v Marshall Bell Hawkins Ltd [2002] FCA 1511

FEDERAL COURT OF AUSTRALIA

Australian Securities & Investments Commission v Marshall Bell Hawkins Ltd [2002] FCA 1511

CORPORATIONS – appointment of a receiver and manager of property of a corporation by an interim order to protect the interests of actual or potential claimants – consideration of principles applicable to such an appointment and the circumstances in which the power to appoint should be exercised

Corporations Act 2001 (Cth) ss 1323(1)(h) and 1323(3)

Australian Securities Commission v AS Nominees Ltd (1995) 18 ACSR 459 – applied Daly v The Sydney Stock Exchanges Ltd (1986) 160 CLR 371 – cited Australian Securities Commission v Melbourne Asset Management Nominees Pty Ltd (1994) 49 FCR 334 – cited Australian Breeders Co-operative Society Limited v Jones (1998) 150 ALR 488 - cited Australian Securities and Investments Commission v Burke [2000] NSWSC 694 - applied Re Aust Home Ltd and Others, Australian Securities Commission v Aust-Home Investments Ltd (1993) 112 ALR 683 - considered Australian Securities and Investments Commission v Mauer-Swisse Securities Ltd (2002) 42 ACSR 605 - cited Corporate Affairs Commission (NSW) v Walker (1987) 11 ACLR 884 - cited AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v MARSHALL BELL HAWKINS LTD & ORS V 3197 OF 2002 MERKEL J 6 DECEMBER 2002 MELBOURNE

IN THE FEDERAL COURT OF AUSTRALIA

VICTORIA DISTRICT REGISTRY V3197 OF 2002

BETWEEN: AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

PLAINTIFF

AND: MARSHALL BELL HAWKINS LTD

(ACN 096 062 350)

FIRST DEFENDANT

STRATEGIC PROJECT MARKETING LTD

(ACN 081 043 521)

SECOND DEFENDANT

PRIVATE EQUITY ASSET MANAGEMENT PTY LTD

(ACN 092 768 995)

THIRD DEFENDANT