Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Austsino Resources Group Limited, in the matter of Austsino Resources Group Limited [2018] FCA 883 File number: WAD 105 of 2018
Judge: MCKERRACHER J
Date of judgment: 13 June 2018
Catchwords: CORPORATIONS – validation of share issue – where issued shares not admitted for quotation within the time prescribed under s 723(3)(b) and s 724(1)(b)(ii) of the Corporations Act 2001 (Cth) – application under s 1322(4) of the Corporations Act by the issuer of securities for an extension of that period – where there is no reason for the Court not to exercise its discretion and grant relief – application granted.
Legislation: Corporations Act 2001 (Cth) ss 723(3)(b), 723(3)(3)(c), 723(3)(3)(d), 724(1)(b)(ii), 741, 1322(4), 1322(4)(a), 1322(4)(c), 1322(4)(d), 1322(5), 1322(6), 1322(6)(a), 1322(6)(a)(i), 1322(6)(a)(ii), 1322(6)(a)(iii), 1322(6)(c)
Cases cited: Azure Minerals Limited, in the matter of Azure Minerals Limited [2013] FCA 63 Re G8 Communications Ltd (2016) 112 ACSR 22 Re Golden Gate Petroleum Ltd (2004) 50 ACSR 659 Re Laserbond Ltd (2007) 25 ACLC 1658 Re Nusep Ltd (2007) 62 ACSR 301 Re Solco Ltd (2015) 106 ACSR 591 Taruga Gold Limited, in the matter of Taruga Gold Limited [2015] FCA 892 Re Tony Barlow Australia Ltd (2005) 53 ACSR 1 Re Wave Capital Ltd (2003) 47 ACSR 418 Weinstock v Beck (2013) 251 CLR 396
Date of hearing: 28 March 2018
Registry: Western Australia
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