Federal Court of Australia
Federal Court of Australia
Wooboard Technologies Limited, in the matter of Wooboard Technologies Limited [2021] FCA 445 File number: WAD 89 of 2021
Judgment of: COLVIN J
Date of judgment: 29 April 2021
Catchwords: CORPORATIONS - application for remedial orders pursuant to s 1322(4) of the Corporations Act 2001 (Cth) - where company failed to comply with disclosure requirements after issue of securities - where there has been trading of issued shares - where prompt steps taken after company became aware of failure to comply - where satisfied no dishonesty in respect of failure to comply - remedial orders made
Legislation: Corporations Act 2001 (Cth) ss 708A, 1322, Part 6D.2
Cases cited: Car Buyers Australia Pty Limited v Australian Securities and Investments Commission, in the matter of Car Buyers Australia Pty Limited [2020] FCA 599 Golden Gate Petroleum Ltd, in the matter of Golden Gate Petroleum Ltd [2010] FCA 40 ICandy Interactive Limited, in the matter of ICandy Interactive Limited [2018] FCA 533 Poseidon Nickel Ltd, in the matter of Poseidon Nickel Ltd [2018] FCA 1063 Sprint Energy Limited, in the matter of Sprint Energy Limited [2012] FCA 1354 TV2U International Limited, in the matter of TV2U International Limited [2016] FCA 1556
Division: General Division
Registry: Western Australia
National Practice Area: Commercial and Corporations
Sub-area: Regulator and Consumer Protection
Number of paragraphs: 19
Date of hearing: 29 April 2021
Counsel for the Plaintiff: Mr TO Coyle
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