Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Premium Income Fund Action Group Incorporated v Wellington Capital Limited [2011] FCA 698 Citation: Premium Income Fund Action Group Incorporated v Wellington Capital Limited [2011] FCA 698
Parties: PREMIUM INCOME FUND ACTION GROUP INCORPORATED (NSW INCORPORATED ASSOCIATION NO. 9894759) and MARK ROBERT HODGES AND CHARLES ROBERT HODGES AS CUSTODIAN FOR PREMIUM INCOME FUND ACTION GROUP INCORPORATED (NSW INCORPORATED ASSOCIATION NO. 9894759) v WELLINGTON CAPITAL LIMITED (ACN 114 248 458), SYDNEY ROBERT PITT, JENNIFER JOAN HUTSON and MARY ANNE GREAVES
File number: VID 516 of 2011
Judge: GORDON J
Date of judgment: 20 June 2011
Catchwords: CORPORATIONS – managed investment scheme – modification of constitution – Corporations Act 2001 (Cth) s 601GC(1)(b) – adversely affect – rights of unitholders
Legislation: Corporations Act 2001 (Cth), Pt 5C
Cases cited: Australian Securities and Investments Commission v Knightsbridge Managed Funds Ltd [2001] WASC 339 Australian Securities and Investments Commission (ASIC) v Letten (No 5) (2010) 273 ALR 264 Australian Securities and Investments Commission (ASIC) v Pegasus Leveraged Options Group Pty Ltd (2002) 41 ACSR 561 Australian Securities and Investments Commission v Chase Capital Management Pty Ltd (2001) 36 ACSR 778 Australian Securities and Investments Commission v Enterprise Solutions 2000 Pty Ltd (1999) 33 ACSR 403 Australian Securities and Investments Commission v Letten [2010] FCA 140 Australian Securities and Investments Commission v Takaran Pty Ltd (2002) 170 FLR 388 Australian Securities and Investments Commission v West (2008) 100 SASR 496 Australian Securities Commission v AS Nominees Limited (1995) 62 FCR 504 Australian Softwood Forests Pty Ltd v Attorney-General (NSW); ex rel Corporate Affairs Commission (1981) 148 CLR 121 Daniels v Anderson (1995) 37 NSWLR 438 Eagle Star Trustees Ltd v Heine Management Ltd (1990) 3 ACSR 232 ING Funds Management Ltd v ANZ Nominees Ltd (2009) 228 FLR 444 Kadian v Richards [2004] NSWSC 382 McPherson v Dodd and Anor [2004] VSC 153 Mier v FN Management Pty Ltd [2006] 1 Qd R 339 National Australia Bank Ltd v Norman (2009) 74 ACSR 561 Patrick Stevedores Operations No 2 Pty Ltd v Maritime Union of Australia (No 3) (1998) 195 CLR 1 Investa Properties Ltd, Re (2001) 187 ALR 462 Timbercorp Securities Limited (in liq), Re (2010) 77 ACSR 291 Seabrook; Re Takeovers Panel and the Corporations Act (2002) 21 ACLC 82 Smith v Permanent Trustee Australia Ltd (1992) 10 ACLC 906
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