Australian Securities and Investments Commission v Monarch FX Group Pty Ltd, in the matter of Monarch FX Group Pty Ltd [2014] FCA 1387

FEDERAL COURT OF AUSTRALIA

Australian Securities and Investments Commission v Monarch FX Group Pty Ltd, in the matter of Monarch FX Group Pty Ltd [2014] FCA 1387 Citation: Australian Securities and Investments Commission v Monarch FX Group Pty Ltd, in the matter of Monarch FX Group Pty Ltd [2014] FCA 1387

Parties: AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v MONARCH FX GROUP PTY LTD (ACN 155 691 786) and JAMES SONNY QUINTEN HUNTER

File number: VID 564 of 2014

Judge: GORDON J

Date of judgment: 17 December 2014

Catchwords: CORPORATIONS – contravention of the Corporations Act 2001 (Cth) – carrying on a financial services business without holding an Australian financial services licence

Legislation: Australian Securities and Investments Commission Act 2001 (Cth) Corporations Act 2001 (Cth) Evidence Act 1995 (Cth) Federal Court of Australia Act 1976 (Cth) Superannuation Industry (Supervision) Act 1993 (Cth)

Cases cited: Australian Competition and Consumer Commission v MSY Technology Pty Ltd (2012) 201 FCR 378 Australian Competition and Consumer Commission v Powerballwin.com.au Pty Ltd [2010] FCA 378 Australian Competition & Consumer Commission v Renegade Gas Pty Ltd (trading as Supagas NSW) [2014] FCA 1135 Australian Securities and Investments Commission v Australian Investors Forum Pty Ltd (No 2) [2005] NSWSC 267 Australian Securities and Investments Commission v Adler [2002] NSWSC 483 Australian Securities and Investments Commission v Axis International Management Pty Ltd (2009) 178 FCR 485 Australian Securities and Investments Commission v Cycclone Magnetic Engines Inc [2008] QSC 158 Australian Securities and Investments Commission v Lindberg [2012] VSC 332 Briginshaw v Briginshaw (1938) 60 CLR 336 Forster v Jododex Australia Pty Ltd (1972) 127 CLR 421 In the matter of Melinda Scott and Roach Graham Scott Pty Ltd [2012] NSWSC 1643 In the matter of Vault Market Pty Ltd [2014] NSWSC 1641 Re Idylic Solutions Pty Ltd; Australian Securities and Investments Commission v Hobbs [2013] NSWSC 106 Re PFS Wholesale Mortgage Corporation Pty Ltd; Australian Securities and Investments Commission v PFS Business Development Group Pty Ltd (2006) 57 ACSR 553 Rich v Australian Securities and Investments Commission (2004) 220 CLR 129 Tobacco Institute of Australia Ltd v Australian Federation of Consumer Organisations Inc (No 2) (1993) 41 FCR 89 Yorke v Lucas (1985) 158 CLR 661