Australian Securities and Investments Commission v Oceanic Asset Management Pty Ltd, in the matter of Oceanic Asset Management Pty Ltd [2015] FCA 966

FEDERAL COURT OF AUSTRALIA

Australian Securities and Investments Commission v Oceanic Asset Management Pty Ltd, in the matter of Oceanic Asset Management Pty Ltd [2015] FCA 966 Citation: Australian Securities and Investments Commission v Oceanic Asset Management Pty Ltd, in the matter of Oceanic Asset Management Pty Ltd [2015] FCA 966

Parties: AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v OCEANIC ASSET MANAGEMENT PTY LTD (ACN 110 278 110), OCEANIC EQUITIES PTY LTD (ACN 122 561 522), AUSTRALIAN GLOBAL CAPITAL PTY LTD (ACN 130 826 470), MULATO MANAGEMENT SERVICES PTY LTD (ACN 140 307 526), MULATO NOMINEES PTY LTD (ACN 008 980 309) and RIDGEWAY HOUSE PTY LTD (ACN 125 133 806)

File number: WAD 438 of 2015

Judge: BARKER J

Date of judgment: 24 August 2015

Catchwords: CORPORATIONS – interim relief – appointment of provisional liquidators CORPORATIONS – interim relief – appointment of trustee in respect of deceased estate CORPORATIONS – interim relief – asset preservation orders

Legislation: Australian Securities and Investments Commission Act 2001 (Cth) s 13, s 102, Pt 3 Corporations Act 2001 (Cth) s 461(1)(k), s 472(1), s 472(2), s 1041E, s 1041G, s 1041H, s 1323, s 1323(1), s 1323(1)(e), s 1323(1)(f), s 1323(1)(g), s 1323(1)(h), s 1323(3) Criminal Code Act Compilation Act 1913 (WA) s 378, s 409 Federal Court of Australia Act 1976 (Cth)

Cases cited: Australian Securities and Investments Commission, in the matter of Bennett Street Developments Pty Ltd v Weerappah (No 2) [2009] FCA 249 Australian Securities and Investments Commission v ActiveSuper Pty Ltd (2013) 93 ACSR 189 Australian Securities and Investments Commission v Planet Platinum Limited [2015] VSC 273 Australian Securities Commission v Solomon (1996) 19 ACSR 73 Australian Securities and Investments Commission v Tax Returns Australia Dot Com Pty Ltd [2010] FCA 715 Constantinidis v JGL Trading Pty Ltd (1995) 17 ACSR 625 Lubavitch Mazal Pty Ltd v Yeshiva Properties No 1 Pty Ltd (2003) 47 ACSR 197; [2003] NSWSC 535 Montgomery Windsor (NSW) Pty Ltd v Ilopa Pty Ltd (1984) 2 ACLC 224 Re Carapark Industries Pty Ltd (in liq) (1966) 9 FLR 297 Re Club Mediterranean Pty Ltd (1975) 11 SASR 481 Re J N Taylor Holdings Ltd; Zempilas v JN Taylor Holdings Ltd (1990) 3 ACSR 600 Tickle v Crest Insurance Co of Australia Ltd (1984) 2 ACLC 493 Zempilas v JN Taylor Holdings Ltd (No 2) (1990) 55 SASR 103