Australian Securities & Investments Commission v Yandal Gold [2003] FCA 77

FEDERAL COURT OF AUSTRALIA

Australian Securities & Investments Commission v Yandal Gold [2003] FCA 77 COURTS – practice and procedure – whether orders, which conferred benefits on persons who were not parties, made in a proceeding by a public regulatory authority are orders made "in favour of a party" – whether the Court should exercise its discretion to vary final orders by consent when the variation will deprive individuals of rights conferred upon them under the orders

Federal Court Rules 1979 (Cth) O 35 r 7(2)(f) Corporations Law s 744(10) Corporations Act 2001 (Cth) Pt 6A.2

Australian Securities and Investments Commission v Yandal Gold Pty Ltd (1999) 32 ACSR 317 and (1999) 17 ACLC 1126 - cited Edensor Nominees Pty Ltd v Australian Securities and Investment Commission (2002) 190 ALR 516 - cited Permanent Trustee Co. (Canberra) Ltd v Stocks & Holdings (Canberra) Pty Ltd (1976) 28 FLR 195 – considered Pauls Limited v Dwyer (2001) 19 ACLC 856 – cited Capricorn Diamonds Investments Pty Ltd v Catto (2002) 41 ACSR 376 - cited Gambotto v WCP Limited (1995) 182 CLR 432 - cited AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v YANDAL GOLD AND OTHERS V 3094 OF 1999 MERKEL J 18 FEBRUARY 2003 MELBOURNE

IN THE FEDERAL COURT OF AUSTRALIA

VICTORIA DISTRICT REGISTRY V 3094 OF 1999

BETWEEN: AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

APPLICANT

AND: YANDAL GOLD PTY LIMITED

(ACN 085 189 671)

FIRST RESPONDENT

YANDAL GOLD HOLDINGS PTY LTD

(ACN 085 602 446)

SECOND RESPONDENT

EDENSOR NOMINEES PTY LTD

(ACN 005 168 516)

THIRD RESPONDENT

NEWMONT AUSTRALIA LIMITED

(ACN 009 295 765)

FOURTH RESPONDENT