Australian Securities & Investments Commission, in the matter of GDK Financial Solutions Pty Ltd v GDK Financial Solutions Pty Ltd [2006] FCA 1415

FEDERAL COURT OF AUSTRALIA

Australian Securities & Investments Commission, in the matter of GDK Financial Solutions Pty Ltd v GDK Financial Solutions Pty Ltd [2006] FCA 1415 CORPORATIONS – managed investment schemes – unregistered scheme – winding up – court ordered – effect of "winding up" – procedure for winding up – receiver appointed – powers of receiver – whether powers should be the same as those of a company liquidator EQUITY – order for accounts – managers and trustees of managed investment scheme – whether accounting parties PRACTICE AND PROCEDURE – accounts and inquiries – when ordered – whether inquiry can be delegated by court to a receiver – nature of inquiry – receivers and managers – security – obligation to provide – when obligation may be dispensed with – courts – concurrent jurisdiction – whether Federal Court has power to discharge receiver appointed by a Supreme Court

Corporations Act 2001 (Cth), ss 461(1)(j), 477, 596A, 601EE(1), 601EE(2)

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