STATEWEST CREDIT SOCIETY LIMITED ACN OR ARBN 71 087 651 885, IN THE MATTER OF STATEWEST CREDIT SOCIETY LIMITED [2005] FCA 1837

FEDERAL COURT OF AUSTRALIA

STATEWEST CREDIT SOCIETY LIMITED ACN OR ARBN 71 087 651 885, IN THE MATTER OF STATEWEST CREDIT SOCIETY LIMITED [2005] FCA 1837

CORPORATIONS – Scheme of Arrangement – application for orders under s 411(1) of the Corporations Act 2001 (Cth) for the convening of a meeting – whether it was likely that orders approving the Scheme of Arrangement would be made at the second hearing – orders refused

Corporations Act 2001 (Cth), ss 9, 411, 411(1), 256C(2)

Re Foundation Health Care Ltd (2002) 42 ACSR 252 applied Re Hills Motorway Ltd (2002) 43 ACSR 101 applied Cleary v Australian Cooperative Foods Ltd (1997) 32 ACSR 582 cited IN THE MATTER OF STATEWEST CREDIT SOCIETY LIMITED ACN OR ARBN 71 087 651 885 and STATEWEST CREDIT SOCIETY LIMITED WAD 358 OF 2005 SIOPIS J 14 DECEMBER 2005 (Date of Order) 16 DECEMBER 2005 (Publication of Reasons) PERTH

IN THE FEDERAL COURT OF AUSTRALIA

WESTERN AUSTRALIA DISTRICT REGISTRY WAD 358 OF 2005

IN THE MATTER OF STATEWEST CREDIT SOCIETY LIMITED

ACN OR ARBN: 71 087 651 885

STATEWEST CREDIT SOCIETY LIMITED

PLAINTIFF

JUDGE: SIOPIS J

DATE OF ORDER: 14 DECEMBER 2005

WHERE MADE: PERTH

THE COURT ORDERS THAT: 1 Leave be granted to Patrick Kirwan, Thomas Rosser, Michael Woodford, Lewis Louthean and George Keenan to be heard in these proceedings. 2 The plaintiff's interlocutory application dated 25 November 2005 for the making of orders convening the meeting of members of the plaintiff is refused. 3 The plaintiff's originating application dated 25 November 2005 be adjourned sine die. 4 Costs be reserved. Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules.