Federal Court of Australia
Federal Court of Australia
J F Investment Holdings Pty Ltd v Golden Mile Milling Pty Ltd [2023] FCA 1600 File number(s): QUD 366 of 2023
Judgment of: SARAH C DERRINGTON J
Date of judgment: 18 December 2023
Catchwords: CORPORATIONS – application for access to books and financial records of a company under ss 247A and 247B of the Corporations Act 2001 (Cth) – whether the plaintiff has established a proper purpose – director investigation where access is sought to determine the whereabouts, and commercial benefit to the company of the profit and cash flow of an undisclosed transaction – where access is sought to determine breach of obligations owed by a director to company and/or shareholders – application allowed
Legislation: Corporations Act 2001 (Cth) ss 7, 231, 247A, 247B
Cases cited: Acehill Investments Pty Ltd v Incitec Ltd [2002] SASC 344; 223 LSJS 97 Avon Downs v Commission of Taxation (1949) 78 CLR 353 Barrack Mines Ltd v Grants Patch Mining Ltd (1987) 6 ACLC 97 Barrack Mines Ltd v Grants Patch Mining Ltd (No 2) [1988] 1 Qd R 606 Cescastle Pty Ltd Renak Holdings Ltd (1991) 6 ACSR 115 Claremont Petroleum NL v Australian Gas Light Co [1990] 2 Qd R 31 Entares Pty Limited v Nimble Money Limited [2021] FCA 1596 Entares Pty Limited v Nimble Money Limited [2022] FCAFC 126; 294 FCR 31 Hanks v Admiralty Resources NL [2011] FCA 891; 85 ACSR 101 Ingram (As Trustee For The Ingram Superannuation Fund) v Ardent Leisure Ltd [2020] FCA 1302 Intercapital Holdings Ltd v MEH Ltd (1988) 13 ACLR 595 Knightswood Nominees Pty Limited v Sherwin Pastoral Company Ltd (1989) 15 ACLR 151 McNeill v Hearing & Balance [2007] NSWSC 942 Mesa Minerals Limited v Mighty River International Limited [2016] FCAFC 16; 241 FCR 241 Praetorin Pty Ltd v TZ Ltd [2009] NSWSC 1237; 76 ACSR 236 Quinlan v Vital Technology Australia Ltd (1987) 5 ACLC 389 Rasley (Singapore) Pte Ltd v Financial & Energy Exchange Ltd [2020] FCA 1462 Re Augold NL [1987] 2 Qd R 297 Re Claremont Petroleum NL (No 2) [1990] 2 Qd R 310 Re Tolco Pty Ltd [2016] NSWSC 1069 Smartec Capital Pty Ltd v Centro Properties Ltd [2011] NSWSC 495; 83 ACSR 461 Style Limited, in the matter of; Merim Pty Ltd v Style Limited [2009] FCA 314; 255 ALR 63 United Rural Enterprises Pty Ltd v Lopmand Pty Ltd [2003] NSWSC 404 Unity APA Limited v Humes Limited (No 2) [1987] VR 474 Vinciguerra v MG Corrosion Consultants Pty Ltd [2007] FCA 503; 61 ACSR 583 Yara Australia Pty Ltd v Burrup Holdings Ltd [2010] FCA 1273; 80 ACSR 641
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