The Bell Group Limited v Australian Securities and Investments Commission [2018] FCA 884

FEDERAL COURT OF AUSTRALIA

The Bell Group Limited v Australian Securities and Investments Commission [2018] FCA 884 File number: WAD 270 of 2017

Judge: MCKERRACHER J

Date of judgment: 15 June 2018

Catchwords: CORPORATIONS – deregistration under s 574 of the Corporations Law – where reinstatement of companies is sought pursuant to s 601AH(2) of the Corporations Act 2001 (Cth) – whether the plaintiffs were aggrieved by the deregistration of the companies – whether certain plaintiffs were aggrieved by virtue of their inability to join a tax consolidated group – whether, pursuant to s 601AH(2)(b), it is 'just' to reinstate the companies to enable that possibility or for other reasons – scope of the power conferred under s 601AH(3)(d) of the Corporations Act 2001 (Cth)

Legislation: Australian Securities and Investments Commission Act 2001 (Cth) ss 8, 8(5) Corporations Act 1989 (Cth) s 82 Corporations Act 2001 (Cth) ss 447A(1), 461(1)(k), 475, 476, 476(c), 476(d), 477(2B), 601AD, 601AD(1), 601AD(1A), 601AD(2), 601AD(3), 601AD(3A), 601AD(4), 601AE, 601AE(2), 601AH, 601AH(2), 601AH(3)(b), 601AH(3)(c), 601AH(3)(d), 601AH(5), Pts 5A, 5A.1 Corporations Law ss 564, 574, 574(4), 574(5) Income Tax Assessment Act 1936 (Cth) Pt IVA s 80(4) Income Tax Assessment Act 1997 (Cth) Pt 3-90; ss 703-5(1), 703-5(3), 703-15, 703-15(2), 703-30, 703-45, 703-50 Taxation Administration Act 1953 (Cth) Pt IVC Duties Act 2008 (WA) s 11 Companies Act 1993 (NZ) s 329(4) Companies Act 1900 (UK) s 26 Companies Act 1948 (UK) s 353(6)