Wood v Links Golf Tasmania Pty Ltd (No 2) [2013] FCA 143

FEDERAL COURT OF AUSTRALIA

Wood v Links Golf Tasmania Pty Ltd (No 2) [2013] FCA 143 Citation: Wood v Links Golf Tasmania Pty Ltd (No 2) [2013] FCA 143

Parties: PETER ANDREW WOOD and JUSTIN CHARLES HETREL v LINKS GOLF TASMANIA PTY LTD (ACN 096 711 661)

File number: VID 47 of 2013

Judge: GORDON J

Date of judgment: 27 February 2013

Catchwords: CORPORATIONS – derivate action – proposed derivative action an appeal – requirements in s 437(2) of the Corporations Act 2001 (Cth) – where applicant to provide an undertaking to meet the costs of the company and any adverse costs orders – means of the applicant to meet the undertaking – Corporations Act 2001 (Cth), s 437

Legislation: Corporations Act 2001 (Cth) Federal Court (Corporations) Rules 2000 (Cth)

Cases cited: Australian Broadcasting Corporation v O'Neill (2006) 227 CLR 57 Australian Securities and Investments Commission v Knightsbridge Managed Funds Ltd (No 3) [2008] WASC 231 Carpenter v Pioneer Park Pty Ltd (in liq) (2004) 51 ACSR 299 Carpenter v Pioneer Park Pty Ltd (2008) 71 NSWLR 577 Chahwan v Euphoric Pty Ltd t/as Clay & Michel [2006] NSWSC 1002 Chahwan v Euphoric Pty Ltd t/as Clay & Michel (2008) 245 ALR 780 Chapman v E-Sports Club Worldwide Ltd (2000) 35 ACSR 462 Charlton v Baber (2003) 47 ACSR 31 Fiduciary Ltd v Morningstar Research Pty Ltd (2005) 53 ACSR 732 Goozee v Graphic World Group Holdings Pty Ltd (2002) 42 ACSR 534 Hannon v Doyle (2011) 82 ACSR 259 Roach v Winnote Pty Ltd (2006) 57 ACSR 138 South Johnstone Mill Ltd v Dennis (2007) 163 FCR 343 Swansson v RA Pratt Properties Pty Ltd (2002) 42 ACSR 313