Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Farey v National Australia Bank Ltd [2016] FCA 340 File number: VID 1459 of 2011
Judge: BEACH J
Date of judgment: 6 April 2016
Catchwords: REPRESENTATIVE PROCEEDING – approval of settlement by Court – s 33V of Federal Court of Australia Act 1976 (Cth) – whether proposed settlement is fair and reasonable as between group members and respondent – whether proposed distribution scheme is fair and reasonable as between group members – authority of applicants to release on behalf of group members non-pleaded claims – implied statutory authority – authority established – claim of applicants for allowance for work done on behalf of group members – claim allowed – approval granted
Legislation: Federal Court of Australia Act 1976 (Cth) ss 33V, 33Z, 33ZB, 33ZF
Cases cited: Camilleri v The Trust Company (Nominees) Ltd [2015] FCA 1468 Farey v National Australia Bank Ltd [2014] FCA 1242 Foley v Gay [2016] FCA 273 Kelly v Willmott Forests Ltd (in liquidation) (No 4) [2016] FCA 323 Paciocco v Australia and New Zealand Banking Group Ltd (2014) 309 ALR 249; [2014] FCA 35 Paciocco v Australia and New Zealand Banking Group Ltd (2015) 321 ALR 584; [2015] FCAFC 50 Williams v FAI Home Security Pty Ltd (No 4) (2000) 180 ALR 459
Date of hearing: 6 April 2016
Registry: Victoria
Division: General Division
National Practice Area: Commercial and Corporations
Sub-area: Regulator and Consumer Protection
Category: Catchwords
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