Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
London City Equities Limited v Penrice Soda Holdings Limited [2011] FCA 674 Citation: London City Equities Limited v Penrice Soda Holdings Limited [2011] FCA 674
Parties: LONDON CITY EQUITIES LIMITED v PENRICE SODA HOLDINGS LIMITED
File number(s): NSD 1841 of 2010
Judge: ROBERTSON J
Date of judgment: 17 June 2011
Catchwords: CORPORATIONS – Statutory inspection of company books – good faith and proper purpose – width of categories – categories to bear on, and be particularly relevant to, the purpose for which inspection is sought – whether Directors and Officers insurance policies are irrelevant to that purpose
Legislation: Corporations Act 2001 (Cth) s 247A
Cases cited: Acehill Investments Pty Ltd v Incitec Ltd [2002] SASC 344 explainedAustralian Securities Commission v Marlborough Gold Mines Limited (1993) 177 CLR 485 citedCarr v Resource Equities Limited (2010) 275 ALR 366 citedHicks v Minister for Immigration & Multicultural and Indigenous Affairs [2003] FCA 757 citedIntercapital Holdings Limited v MEH Limited (1988) 13 ACLR 595 followedMajestic Resources NL v Caveat Pty Ltd [2004] WASCA 201 followedPraetorin Pty Ltd v TZ Limited (2009) 76 ACSR 236 consideredRe Claremont Petroleum NL [1990] 2 Qd R 31 followed Re Style Limited (2009) 255 ALR 63 followedRowland v Meudon Pty Ltd (2008) 220 FLR 362 followedSnelgrove v Great Southern Managers Australia Ltd (in liq) (receiver and manager appointed) [2010] WASC 51 followedSmartec Capital Pty Limited v Centro Properties Limited [2011] NSWSC 495 followedYara Australia Pty Ltd v Burrup Holdings Limited (2010) 80 ACSR 641 followed
Date of hearing: 30 May 2011
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