Oreb v Australian Securities and Investments Commission [2016] FCA 321

FEDERAL COURT OF AUSTRALIA

Oreb v Australian Securities and Investments Commission [2016] FCA 321 File number: NSD 1051 of 2015

Judge: MARKOVIC J

Date of judgment: 1 April 2016

Catchwords: CORPORATIONS – application under s 6 of the Administrative Decisions (Judicial Review) Act 1977 (Cth) for review of the Australian Securities and Investments Commission's decision to issue notices requiring officers to show cause why they should not be disqualified pursuant to s 206F of the Corporations Act 2001 (Cth) – whether statutory preconditions to the issuing of the "show cause" notices were satisfied – whether the statutory preconditions at s 206F(1)(a)(ii) require the winding up of a company be complete and a liquidator's report under s 533(1) be lodged while or within 12 months after the person receiving the notice ceased to be an officer in respect of two corporations or more PRACTICE AND PROCEDURE – non-publication order – whether non-publication order should be made in circumstances of potential commercial disadvantage to the applicants

Legislation: Administrative Decisions (Judicial Review) Act 1977 (Cth) ss 6(1), 16 Companies (New South Wales) Code s 562A Corporations Act 1981 (Cth) s 562A Corporations Act 1989 (Cth) s 600 Corporations Act 2001 (Cth) ss 206C, 206D, 206E, 206F, 206F(1)(a)(ii), 533, 1337 Federal Court of Australia Act 1976 (Cth) ss 21, 22, 23, 37AE, 37AF, 37AG, 37AJ

Cases cited: Alcan (NT) Alumina Pty Ltd v Commissioner of Territory Revenue (2009) 239 CLR 27 Arnold World Trading Pty Ltd v ACN 133 427 335 (2010) 80 ACSR 670 Australian Competition and Consumer Commission v Air New Zealand Ltd (No 3) [2012] FCA 1430 Australian Competition and Consumer Commission v Cascade Coal Pty Ltd (No 1) [2015] FCA 607 Australian Competition and Consumer Commission v Origin Energy Electricity Limited [2015] FCA 278 Australian Securities and Investments Commission v Maxwell (2006) 59 ACSR 373 Cooper Brookes (Wollongong) Pty Ltd v Federal Commissioner of Taxation (1981) 147 CLR 297 Culley v Australian Securities and Investments Commission (2010) 183 FCR 279 Director of Public Prosecutions for Nauru v Fowler (1984) 154 CLR 627 Hogan v Australian Crime Commission (2010) 240 CLR 651 Minister for Immigration and Citizenship v SZJGV (2009) 238 CLR 642 Murdaca v Australian Securities and Investments Commission (2009) 178 FCR 119 Nicholas v Commissioner of Corporate Affairs [1988] VR 289 Project Blue Sky Inc v Australian Broadcasting Authority (1998) 194 CLR 355 Re London & Caledonian Marine Insurance Co (1879) 11 Ch D 140 Russian and English Bank v Bearing Brothers Co Ltd [1936] AC 405 Thiess v Collector of Customs (2014) 250 CLR 664 Visnic v Australian Securities and Investments Commission (2007) 231 CLR 381