Federal Court of Australia
Federal Court of Australia
Ingram as trustee for the Ingram Superannuation Fund v Ardent Leisure Limited [2020] FCA 1302 File number(s): QUD 212 of 2020
Judgment of: DERRINGTON J
Date of judgment: 11 September 2020
Catchwords: PRACTICE AND PROCEDURE – group proceedings – application to seek inspection of respondents' insurance documents – application under s 247A of the Corporations Act 2001 (Cth) – whether application in good faith and for a proper purpose – whether applicants seeking to enforce or vindicate rights qua shareholders – application dismissed CORPORATIONS – shareholders' application under s 247A of the Corporations Act 2001 (Cth) to inspect company documents – application not in good faith and for a proper purpose – application to vindicate infringement of rights occurring prior to becoming shareholder
Legislation: Australian Securities and Investments Commission Act 2001 (Cth) ss 5, 12DA Competition and Consumer Act 2010 (Cth) Sch 2 (Australian Consumer Law) ss 2, 18 Corporations Act 2001 (Cth) ss 79, 247A, 674, 1041H Federal Court of Australia Act 1976 (Cth) ss 23, 33V, 37M, 37N Insurance Contracts Act 1984 (Cth)
Cases cited: Barrack Mines Ltd v Grants Patch Mining Ltd (No 2) [1988] 1 Qd R 606 Czerwinski v Syrena Royal Pty Ltd (No 1) (2000) 34 ACSR 245 Evans v Davantage Group Pty Ltd (No 2) [2020] FCA 473 Hanks v Admiralty Resources NL (2011) 85 ACSR 101 Humes Ltd v Unity APA Ltd (No 1) [1987] VR 467 Knightswood Nominees Pty Ltd v Sherwin Pastoral Company Ltd (1989) 15 ACLR 151 Leadenhall Australia Pty Ltd v Cape Lambert Resources Ltd (2018) 125 ACSR 484 London City Equities Ltd v Penrice Soda Holdings Ltd (2011) 281 ALR 519 Mesa Minerals Ltd v Mighty River International Ltd (2016) 241 FCR 241 Praetorin Pty Ltd v TZ Ltd (2009) 76 ACSR 236 Re Augold NL [1987] 2 Qd R 297 Re Orinoco Gold Ltd (2019) 141 ACSR 453 Re Sirrah Pty Ltd [2017] NSWSC 1683 Re Style Ltd; Merim Pty Ltd v Style Ltd (2009) 255 ALR 63 Re Tolco Pty Ltd [2016] NSWSC 1069 Snelgrove v Great Southern Managers Australia Ltd (in liq) (rec and mgrs appointed) [2010] WASC 51 Sun Hung Kai Investment Services Limited v Metals X Limited [2019] FCA 1673 Tinios v French Caledonia Travel Service Pty Ltd (1994) 13 ACSR 658 TPT Patrol Pty Ltd (as trustee for Amies Superannuation Fund) v Myer Holdings Ltd (2019) 140 ASCR 38 Vinciguerra v MG Corrosion Consultants Pty Ltd (2007) 61 ACSR 583 Yarra Australia Pty Ltd v Burrup Holdings Ltd (2010) 80 ACSR 641
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