Locality Planning Energy Holdings Limited, in the matter of Locality Planning Energy Holdings Limited [2020] FCA 1887

Federal Court of Australia

Locality Planning Energy Holdings Limited, in the matter of Locality Planning Energy Holdings Limited [2020] FCA 1887 File number: QUD 286 of 2020

Judgment of: REEVES J

Date of judgment: 11 September 2020

Date of publication of reasons: 29 January 2021

Catchwords: CORPORATIONS – application for relief from civil liability under s 1322 of the Corporations Act 2001 (Cth) where shares had been issued without Cleansing Notices where third parties would be liable for breach

Legislation: Corporations Act 2001 (Cth)

Cases cited: Azure Minerals Limited, in the matter of Azure Minerals Limited [2013] FCA 63 Caeneus Minerals Ltd, in the matter of Caeneus Minerals Ltd [2018] FCA 560 EHR Resources Ltd, in the matter of EHR Resources Ltd [2018] FCA 997 Force Commodities Ltd, in the matter of Force Commodities Ltd (2019) 140 ACSR 408; [2019] FCA 1815 Golden Gate Petroleum Ltd (ABN 090 074 785), in the matter of Golden Gate Petroleum Ltd (ABN 090 074 785) (2010) 77 ACSR 17; [2010] FCA 40 ICandy Interactive Limited, in the matter of ICandy Interactive Limited (2018) 125 ACSR 369; [2018] FCA 533 Micro-X Limited, in the matter of Micro-X Limited [2019] FCA 1154 Poseidon Nickel Ltd, in the matter of Poseidon Nickel Ltd (2018) 129 ACSR 57; [2018] FCA 1063 Silver Lake Resources Limited, in the matter of Silver Lake Resources Limited (2012) 87 ACSR 436; [2012] FCA 32 Spectur Limited, in the matter of Spectur Limited (2019) 136 ACSR 542; [2019] FCA 867 Sprint Energy Limited, in the matter of Sprint Energy Limited [2012] FCA 1354 Superior Resources Limited, in the matter of Superior Resources Limited (2020) 144 ACSR 677; [2020] FCA 635 Wave Capital Limited (2003) 47 ACSR 418; [2003] FCA 969 Weinstock v Beck (2013) 251 CLR 396; [2013] HCA 14