Australian Securities and Investments Commission v NGS Crypto Pty Ltd [2024] FCA 373

Federal Court of Australia

Australian Securities and Investments Commission v NGS Crypto Pty Ltd [2024] FCA 373 File number(s): QUD 178 of 2024

Judgment of: MEAGHER J

Date of judgment: 10 April 2024

Catchwords: CORPORATIONS – investigations by Australian Securities and Investments Commission – ex parte application for appointment of receivers, asset preservation, disclosure and travel restriction orders – whether it is necessary or desirable that orders be made – where defendants' conduct is in relation to blockchain mining – interim orders made

Legislation: Australian Securities and Investments Commission Act 2001 (Cth) ss 19, 33 Corporations Act 2001(Cth) s 1323 Federal Court of Australia Act 1976 (Cth) s 23

Cases cited: ASIC v A One Multi Services Pty Ltd [2021] FCA 1297 ASIC v Australian Investors Forum Pty Ltd [2001] NSWSC 1180 ASIC v Burnard [2006] NSWSC 611 ASIC v Karl Suleman Enterprized Proprietary Limited [2001] NSWSC 1079 ASIC v Ostrava Equities Pty Ltd [2015] FCA 543 Australian Securities and Investments Commission v Adler [2001] NSWSC 451 Australian Securities and Investments Commission v Burke [2000] NSWSC 69 Australian Securities and Investments Commission v Carey (No 14) [2007] FCA 310 Australian Securities and Investments Commission v Carey (No 3) [2006] FCA 433 Australian Securities and Investments Commission v Johnston [2009] FCA 1276 Australian Securities and Investments Commission v Krecichwost [2007] NSWSC 948 Australian Securities and Investments Commission v Sino Australia Oil and Gas Limited [2015] FCA 53 Australian Securities and Investments Commission v Wiggins (1998) 90 FCR 314 Australian Securities and Investments Commission; Re Richstar Enterprises Pty Ltd v Carey (No 19) (2008) 65 ACSR 421