Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Classic Minerals Limited, in the matter of Classic Minerals Limited [2018] FCA 2039 File number: WAD 478 of 2018
Judge: BANKS-SMITH J
Date of judgment: 12 December 2018
Date of publication of reasons: 17 December 2018
Catchwords: CORPORATIONS - application for orders under s 1322 of the Corporations Act 2001 (Cth) - shares issued on 26 occasions without proper disclosure - where cleansing notices not issued - where no blatant disregard of obligations - whether orders should be made relieving shareholders of liability
Legislation: Corporations Act 2001 (Cth) ss 707, 708A, 727, 1322
Cases cited: Golden Gate Petroleum Ltd, in the matter of Golden Gate Petroleum Ltd [2010] FCA 40; (2010) 77 ACSR 17 ICandy Interactive Limited, in the matter of ICandy Interactive Limited [2018] FCA 533; (2018) 125 ACSR 369 Silver Lake Resources Limited, in the matter of Silver Lake Resources Limited [2012] FCA 32; (2012) 87 ACSR 436 Sprint Energy Limited, in the matter of Sprint Energy Limited [2012] FCA 1354 Wave Capital Limited [2003] FCA 969; (2003) 47 ACSR 418 Weinstock v Beck [2013] HCA 14; (2013) 251 CLR 396
Date of hearing: 12 December 2018
Registry: Western Australia
Division: General Division
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Category: Catchwords
Number of paragraphs: 52
Counsel for the Plaintiff: Mr IR Gillon
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