Hancock Prospecting Pty Ltd v 150 Investments Pty Ltd [2017] FCA 520

FEDERAL COURT OF AUSTRALIA

Hancock Prospecting Pty Ltd v 150 Investments Pty Ltd [2017] FCA 520 File number: NSD 1625 of 2016

Judge: YATES J

Date of judgment: 17 May 2017

Catchwords: CORPORATIONS – application under s 1337H of the Corporations Act 2001 (Cth) – transfer of proceeding to the Supreme Court of New South Wales – application granted PRACTICE AND PROCEDURE – whether to apply s 5(4) of the Jurisdiction of Courts (Cross-vesting) Act 1987 (Cth)

Legislation: Corporations Act 2001 (Cth) ss 79, 140, 233, 1337A, 1337B, 1337H, 1337L, Div 1 Pt 9.6A Federal Court of Australia Act 1976 (Cth) s 21 Judiciary Act 1903 (Cth) s 39B Jurisdiction of Courts (Cross-vesting) Act 1987 (Cth) s 5 Federal Court Rules 2011 (Cth) r 15.01 Commercial Arbitration Act 2010 (NSW) s 8 Trustee Act 1925 (NSW) s 63

Cases cited: Bankinvest AG v Seabrook (1988) 14 NSWLR 711 BHP Billiton Limited v Schultz (2004) 221 CLR 400; [2004] HCA 61 Bianca Hope Rinehart trading as Trustee of the Hope Margaret Hancock Trust [2017] NSWSC 282 Commissioner of Taxation v Residence Riverside Proprietary Limited as Trustee for the D& J Discretionary Trust and as Trustee for the D& J Investment Trust [2013] FCA 720 Dwyer v Hindal Corporate Pty Ltd (2005) 52 ACSR 335 Hancock v Rinehart (2015) 106 ACSR 207; [2015] NSWSC 646 James Hardie & Coy Pty Ltd v Barry (2000) 50 NSWLR 357; [2000] NSWCA 353 LNC Industries Ltd v B.M.W. (Australia) Ltd (1983) 151 CLR 575; [1983] HCA 31 R v Commonwealth Court of Conciliation and Arbitration; Ex parte Barrett (1945) 70 CLR 141; [1945] HCA 50 Re McJannet; Ex parte the Australian Workers' Union of Employees, Queensland & Ors (No 2) (1997) 189 CLR 654; [1997] HCA 40 Re Westgate Wool Co Pty Ltd (in liq) (2006) 206 FLR 190; [2006] SASC 372 Rinehart v Rinehart (2015) 108 ACSR 415; [2015] NSWSC 1201 Yara Pilbara Fertilisers Pty Ltd [formerly known as Burrup Fertilisers Pty Ltd] v Oswal (No 8) [2015] FCA 49