Wright v Australian Prudential Regulation Authority [2024] FCA 183

Federal Court of Australia

Wright v Australian Prudential Regulation Authority [2024] FCA 183 File number(s): QUD 470 of 2023

Judgment of: SARAH C DERRINGTON J

Date of judgment: 5 March 2024

Catchwords: SUPERANNUATION – application under s 126J(1)(a) of the Superannuation Industry (Supervision) Act 1993 (Cth) to vary or revoke disqualification of trustee or responsible officer under s 120A(1) – whether disqualification should be revoked – application granted

Legislation: Financial Sector Legislation Amendment (Review of Prudential Decisions) Act 2008 (Cth) s 70(2) Superannuation Industry (Supervision) Act 1993 (Cth) ss 10, 120A, 126G, 126J, 126K

Cases cited: Macalister, in the matter of an application by Macalister [2021] FCA 1455

Division: General Division

Registry: Queensland

National Practice Area: Commercial and Corporations

Sub-area: Regulator and Consumer Protection

Number of paragraphs: 20

Date of hearing: Determined on the papers

Date of last submissions 2 February 2024

Counsel for the Applicant The Applicant appeared in person

Counsel for the Respondent Mr A McKinnon

Solicitor for the Respondent Australian Prudential Regulation Authority

ORDERS QUD 470 of 2023

BETWEEN: JAMES HEBDEN WRIGHT Applicant

AND: AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY Respondent

order made by: SARAH C DERRINGTON J DATE OF ORDER: 5 MARCH 2024

THE COURT ORDERS THAT:

1. Pursuant to s 126J(1)(a) of the Superannuation Industry (Supervision) Act 1993 (Cth), the disqualification of Mr James Hebden Wright made on 16 January 2004 pursuant to s 120A(1) of the SIS Act be revoked. 2. The Australian Prudential Regulation Authority remove Mr James Hebden Wright's disqualification listing from the APRA Disqualification Register. Note: Entry of orders is dealt with in Rule 39.32 of the Federal Court Rules 2011.