Australian Securities & Investments Commission, In the Matter of Richstar Enterprises Pty Ltd ACN 099 071 968 v Carey (No 12) [2007] FCA 35

FEDERAL COURT OF AUSTRALIA

Australian Securities & Investments Commission, In the Matter of Richstar Enterprises Pty Ltd ACN 099 071 968 v Carey (No 12) [2007] FCA 35

CORPORATIONS – appointment of receivers to property of directors and officers of corporate group – asset preservation orders - pending investigation by Australian Securities and Investments Commission – possible liabilities of defendants to third parties – extension of appointment of receivers and of associated orders – whether extension warranted – whether lesser form of orders not involving Court appointed receivers should be made – orders for continuation of appointment of receivers made Corporations Act 2001 (Cth) s 1323 AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v NORMAN PHILLIP CAREY, GRAEME JOHN RUNDLE, CEDRIC RICHARD PALMER BECK, JOHN NORMAN DIXON, RICHSTAR ENTERPRISES PTY LTD (ACN 099 071 968), WESTPOINT REALTY PTY LTD (ACN 050 218 954), BOWESCO PTY LTD (ACN 117 947 805), REDCHIME PTY LTD (ACN 117 947 805), KEYPOINT DEVELOPMENTS PTY LTD (ACN 115 507 232), SILKCHIME PTY LTD (ACN 066 849 429), ROLD CORPORATION PTY LTD (ACN 009 358 276) and HEALTHCARE PROPERTIES PTY LTD (ACN 075 401 955) WAD83 OF 2006 FRENCH J

29 JANUARY 2007

PERTH

IN THE FEDERAL COURT OF AUSTRALIA

WESTERN AUSTRALIA DISTRICT REGISTRY WAD83 OF 2006

IN THE MATTER OF RICHSTAR ENTERPRISES PTY LTD (ACN 099 071 968) WESTPOINT REALTY PTY LTD (ACN 050 218 954) BOWESCO PTY LTD (ACN 008 915 357) REDCHIME PTY LTD (ACN 117 947 805) KEYPOINT DEVELOPMENTS PTY LTD (ACN 115 507 232) BETWEEN: AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Plaintiff

AND: NORMAN PHILLIP CAREY

First Defendant

GRAEME JOHN RUNDLE

Second Defendant

CEDRIC RICHARD PALMER BECK

Third Defendant

JOHN NORMAN DIXON