Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Australian Securities and Investments Commission v GDK Financial Solutions Pty Ltd (No 13) [2012] FCA 1389 Citation: Australian Securities and Investments Commission v GDK Financial Solutions Pty Ltd (No 13) [2012] FCA 1389
Parties: AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v GDK FINANCIAL SOLUTIONS PTY LTD (ACN 085 488 311), WINDSOR VILLAGE MANAGEMENT PTY LTD (IN LIQUIDATION) (ACN 088 339 913), WESTERN RETIREMENT VILLAGE MANAGEMENT PTY LTD (ACN 091 443 239), THE MEWS VILLAGE NOMINEES PTY LTD (IN LIQUIDATION) (ACN 091 526 224), PERIDON MANAGEMENT PTY LTD (IN LIQUIDATION) (ACN 088 322 276), ROSEDALE VILLAGE NOMINEES PTY LTD (IN LIQUIDATION) (ACN 089 667 096), PETER HASTINGS WARNE, RENTAL FLEETS AUSTRALIA PTY LTD (ACN 082 558 978), JOHN MONTGOMERIE, ANDREW REGINALD YEO (TRUSTEE OF BANKRUPT ESTATE OF ROHAN ELLIOT VON STANKE), GIUSEPPE DE SIMONE, SEACHANGE MANAGEMENT PTY LTD (ACN 091 443 211), ZMB AUSTRALIA PTY LTD (ACN 105 746 067), YOUNG TURKS PTY LTD (ACN 005 872 122), TOUMA PTY LTD (ACN 124 195 366) and PHILLIP CLEMENTS
File number: VID 590 of 2006
Judges: DODDS-STREETON J
Date of judgment: 5 December 2012
Catchwords: CORPORATIONS – Unmanaged investment scheme – land realised by receivers – whether applicant's claim to interest in resultant fund should be approved – whether applicant a trustee for other claimants
Legislation: Statute of Frauds 1677 (Imp), s 4 Property Law Act 1969 (WA), s 34(1)
Cases cited: ASIC v GDK Financial Solutions Pty Ltd [2006] FCA 1415 cited ASIC v GDK Financial Solutions Pty Ltd (in liquidation) [2007] FCA 1600 cited ASIC v GDK Financial Solutions Pty Ltd (in liquidation) (No 4) [2008] FCA 1071 cited Australian Securities & Investments Commission v GDK Financial Solutions Pty Ltd (in liq) (No 6) [2010] FCA 1092 cited Australian Securities & Investments Commission v GDK Financial Solutions Pty Ltd (in liq) (No 8) [2011] FCA 997 cited Australian Securities & Investments Commission v GDK Financial Solutions Pty Ltd (in liq) (No 9) [2011] FCA 998 cited Australian Securities and Investments Commission v GDK Financial Solutions Pty Ltd (No 11) [2012] FCA 1034 cited John Alexander's Clubs Pty Ltd v White City Tennis Club Ltd (2010) 241 CLR 1 cited McMurtrie v Commonwealth of Australia [2006] NSWCA 148 considered News Ltd v Australian Rugby Football League Ltd (1996) 64 FCR 410 cited Regent v Millett (1976) 133 CLR 679 cited Watson v Foxman (1995) 49 NSWLR 315 cited
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