Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Australian Securities & Investments Commission v Soust [2010] FCA 68
Citation: Australian Securities & Investments Commission v Soust [2010] FCA 68
Parties: AUSTRALIAN SECURITIES & INVESTMENTS COMMISSION v MARTIN SOUST
File number: VID 1087 of 2008
Judge: GOLDBERG J
Date of judgment: 15 February 2010
Catchwords: CORPORATIONS – purchase of shares on Stock Exchange – whether transaction created an artificial price for trading in financial products on a financial market – whether transaction created a false or misleading appearance with respect to the market for or price for trading in financial products on a financial market – directors' duties – good faith and proper purpose – personal advantage – causing detriment to a corporation.
Legislation: Corporations Act 2001 (Cth): 181(1), 182(1), 206C(1), 1041A, 1041B, 1317E, 1317G Evidence Act 1995 (Cth): s 140 Securities Industry Act 1970 (Vic): ss 70, 71 Securities Industry Act 1975 (Vic): s 109 Financial Services Reform Act 2001 (Cth) Securities Industry Act 1980 (Cth): ss 123, 124 Futures Industry Act 1986 (Cth): ss 130, 131 Futures Industry Bill 1986 Corporations Act 1989 (Cth): ss 1259(1),1260 Financial Services Reform Bill 2001 Corporations Legislation Amendment Act 1990 (Cth) Acts Interpretation Act 1901 (Cth): s 13(3)
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