Australia and New Zealand Banking Group Limited, in the matter of Australia and New Zealand Banking Group Limited [2022] FCA 1378

Federal Court of Australia

Australia and New Zealand Banking Group Limited, in the matter of Australia and New Zealand Banking Group Limited [2022] FCA 1378 File number: VID 536 of 2022

Judgment of: O'BRYAN J

Date of judgment: 26 October 2022

Date of publication of reasons: 18 November 2022

Catchwords: CORPORATIONS – Scheme of arrangement to implement a proposed internal restructure – establishment of a non-operating holding company to be the new listed parent company of the ANZ Group in place of the plaintiff – order sought under s 411(1) of the Corporations Act 2001 (Cth) – relevant considerations – orders made for convening of meeting

Legislation: Banking Act 1959 (Cth) Corporations Act 2001 (Cth) ss 110D, 249R(b), 411, 412, 1319 Corporations Amendment (Meetings and Documents) Act 2022 (Cth) Federal Court (Corporations) Rules 2000 (Cth) rr 2.4, 3.2, 3.3 Corporations Regulations 2001 (Cth) reg 5.1.01, Sch 8

Cases cited: Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 Crown Resorts Ltd, in the matter of Crown Resorts Ltd [2022] FCA 367 FT Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 Re 5G Networks Ltd [2021] FCA 1189 Re ACM Gold Ltd (1992) 34 FCR 530 Re Amcor Ltd [2019] FCA 346 Re Amcor Ltd (No 2) [2019] FCA 842 Re Citadel Group Ltd [2020] FCA 1580; 148 ACSR 598 Re Foundation Healthcare Ltd [2002] FCA 742; 42 ACSR 252 Re Lonsdale Financial Group Ltd [2007] VSC 394 Re Macquarie Private Capital A Ltd [2008] NSWSC 323; 26 ACLC 366 Re NRMA Insurance Ltd (No 1) [2000] NSWSC 82; 156 FLR 349 Re Opes Prime Stockbroking Ltd (2009) 179 FCR 20 Re RXP Services Ltd [2021] FCA 38 Re Telstra Corporation Ltd [2022] NSWSC 1180 Re Vault Intelligence Ltd [2020] FCA 1342 Re Verdant Minerals Ltd [2019] FCA 556