Australian Securities and Investments Commission v Macro Realty Developments Pty Ltd [2016] FCA 292

FEDERAL COURT OF AUSTRALIA

Australian Securities and Investments Commission v Macro Realty Developments Pty Ltd [2016] FCA 292 File number: VID 511 of 2015

Judge: BEACH J

Date of judgment: 23 March 2016

Catchwords: CORPORATIONS – promotion of financial products – counselling and procuring contraventions of s 181(1) of the Corporations Act 2001 (Cth) – misleading or deceptive conduct – contraventions of s 1041H of the Corporations Act and s 12DA of the Australian Securities and Investments Commission Act 2001 (Cth) – offering of financial product – provision of financial services – ss 762C, 763A, 763B and 766B of the Corporations Act – unlicensed provision of financial services – s 911A of the Corporations Act – injunctions and declarations granted

Legislation: Australian Securities and Investments Commission Act 2001 (Cth) ss 12DA, 12DG Corporations Act 2001 (Cth) ss 181, 471B, 762C, 763A, 763B, 766A, 911A, 1041H, 1324

Cases cited: Australian Competition and Consumer Commission v Hillside (Australia New Media) Pty Ltd trading as Bet365 [2015] FCA 1007 Australian Securities and Investments Commission v ActiveSuper Pty Ltd (2015) 105 ACSR 116 Australian Securities and Investments Commission v Mauer-Swisse Securities Ltd (2002) 42 ACSR 605 Boulting v Association of Cinematograph, Television and Allied Technicians [1963] 2 QB 606 Comité Interprofessionnel du Vin de Champagne v Powell (2015) 115 IPR 269 Davidson v Smith (1989) 15 ACLR 732 Flexopack S.A. Plastics Industry v Flexopack Australia Pty Ltd [2016] FCA 235 Thorby v Goldberg (1964) 112 CLR 597