Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
State Street Australia Ltd in its capacity as Custodian for Retail Employees Superannuation Pty Ltd (Trustee) v Retirement Villages Group Management Pty Ltd [2016] FCA 675 File number: VID 369 of 2016
Judge: BEACH J
Date of judgment: 7 June 2016
Catchwords: CORPORATIONS – resolutions to remove directors of public company – mechanism under s 203D of the Corporations Act 2001 (Cth) – mechanism under company's constitution – whether s 203D provides an exhaustive code for the mechanism for removal of the directors – operation of the proviso to s 203D(1) – Scottish & Colonial Ltd v Australian Power and Gas Co Ltd (2007) 65 ACSR 313 not followed – whether independent directors represent the interests of particular shareholders – operation of clause 11.6 of company's constitution – whether certain shareholders precluded from voting on resolutions
Legislation: Corporations Act 2001 (Cth) s 203D(1) Corporations Law s 227(2)
Cases cited: Allied Mining & Processing Ltd v Boldbow Pty Ltd (2002) 26 WAR 355 Attorney-General of the Commonwealth v Oates (1999) 198 CLR 162 Aveo Group Ltd v State Street Australia Ltd in its capacity as custodian for the Retail Employees Superannuation Pty Limited as trustee of the Retail Employees Superannuation Trust [2015] FCA 1019 Bailey v New South Wales Medical Defence Union Ltd (1995) 184 CLR 399 Barak Pty Ltd v WTH Pty Ltd [2003] NSWSC 15 Bisan Ltd v Cellante [2002] VSC 504 B.P. Refinery (Westernport) Pty Ltd v Shire of Hastings (1977) 180 CLR 266 Bushell v Faith [1970] AC 1099 Central Exchange Ltd v Rivkin Financial Services Ltd (2004) 213 ALR 771 Dalkeith Resources Pty Ltd v Regis Resources Ltd [2012] VSC 288 Dick v Comvergent Telecommunications Ltd (2000) 34 ACSR 86 Donaldson v Natural Springs Australia Ltd [2015] FCA 498 Levin v Clark [1962] NSWR 686 Link Agricultural Pty Ltd v Shanahan [1999] 1 VR 466 Mainteck Services Pty Ltd v Stein Heurtey SA (2014) 89 NSWLR 633 McKillen v Misland (Cyprus) Investments Ltd [2011] EWHC 3466 (Ch) National Australia Bank Ltd v Clowes [2013] NSWCA 179 Scottish & Colonial Ltd v Australian Power and Gas Co Ltd (2007) 65 ACSR 313 Todd v Alterra at Lloyds Ltd [2016] FCAFC 15 Wambo Coal Pty Ltd v Sumiseki Materials Co Ltd (2014) 88 NSWLR 689
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