Federal Court of Australia
Federal Court of Australia
Rasley (Singapore) Pte Ltd v Financial & Energy Exchange Ltd [2020] FCA 1462 File number: WAD 515 of 2019
Judgment of: JACKSON J
Date of judgment: 12 October 2020
Catchwords: CORPORATIONS - application by shareholder for inspection of company books under s 247A of the Corporations Act 2001 (Cth) - requirement of good faith and proper purpose - whether 'case for investigation' - discretion to allow inspection - factors bearing upon exercise of discretion - application successful in part
Legislation: Corporations Act 2001 (Cth) ss 9, 169, 210, 231, 237, 247A, 247B, 247C Evidence Act 1995 (Cth) ss 63, 75
Cases cited: Acehill Investments Pty Ltd v Incitec Ltd [2002] SASC 344 Barrack Mines Ltd v Grants Patch Mining Ltd (No 2) [1988] 1 Qd R 606 Cescastle Pty Ltd v Renak Holdings Ltd (1991) 6 ACSR 115 Claremont Petroleum (NL) v Australian Gas Light Company [1990] 2 Qd R 31 Hanks v Admiralty Resources NL [2011] FCA 891; (2011) 85 ACSR 101 Intercapital Holdings Ltd v MEH Ltd (1988) 13 ACLR 595 Knightswood Nominees Pty Ltd v Sherwin Pastoral Company Ltd (1989) 15 ACLR 151 Leadenhall Australia Pty Ltd v Cape Lambert Resources Ltd [2018] FCA 558; (2018) 125 ACSR 484 London City Equities Limited v Penrice Soda Holdings Limited [2011] FCA 674; (2011) 84 ACSR 573 McNeill v Hearing & Balance Centre Pty Ltd [2007] NSWSC 942 Mesa Minerals Limited v Mighty River International Limited [2016] FCAFC 16; (2016) 241 FCR 241 Praetorin Pty Ltd v TZ Ltd [2009] NSWSC 1237; (2009) 76 ACSR 236 Quinlan v Vital Technology Australia Ltd (1987) 5 ACLC 389 Re Augold NL [1987] Qd R 297 Re Claremont Petroleum NL (No 2) [1990] 2 Qd R 310; (1990) 2 ACSR 84 Re Combined Projects (Arncliffe) Pty Ltd [2018] NSWSC 649 Re Tolco Pty Ltd [2016] NSWSC 1069 Rowland v Meudon Pty Ltd [2008] NSWSC 381; (2008) 220 FLR 362 Smartec Capital Pty Ltd v Centro Properties Ltd [2011] NSWSC 495; (2011) 83 ACSR 461 Style Limited, in the matter of Merim Pty Ltd v Style Limited [2009] FCA 314; (2009) 255 ALR 63 Unity APA Ltd v Humes Ltd (No 2) [1987] VR 474
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