Australian Prudential Regulation Authority v Garrett (Contempt Hearing) [2024] FCA 482

Federal Court of Australia

Australian Prudential Regulation Authority v Garrett (Contempt Hearing) [2024] FCA 482 File number: NSD 741 of 2023

Judgment of: LEE J

Date of judgment: 3 May 2024

Catchwords: CONTEMPT OF COURT – application by Australian Prudential Regulation Authority seeking an order that the respondent be punished for contempt – where respondent is associated with non-legal "banking" entities – where respondent ordered to cease unlawfully conducting a "banking business" within the meaning of the Banking Act 1959 (Cth) – where respondent failed to comply with orders by continuing to operate a "banking business" – consideration of relevant principles – breach of orders – contempt established – orders made

Legislation: Banking Act 1959 (Cth) Federal Court of Australia Act 1976 (Cth) s 31 Federal Court Rules 2011 (Cth) r 42.02

Cases cited: Alexander v Crawford [2003] NSWSC 426 Australasian Meat Industry Employees' Union v Mudginberri Station Pty Ltd (1986) 161 CLR 98 Australian Competition and Consumer Commission v Hughes [2001] FCA 38 Australian Competition and Consumer Commission v INFO4PC.Com Pty Ltd [2002] FCA 949; (2002) 121 FCR 24 Australian Prudential Regulation Authority v Garrett (Contempt Application) [2024] FCA 235 Australian Prudential Regulation Authority v Garrett [2023] FCA 956 Hearne v Street [2008] HCA 36; (2008) 235 CLR 125 Humane Society International Inc v Kyodo Senpaku Kaisha Ltd [2015] FCA 1275; (2015) 238 FCR 209 Kazal v Thunder Studios Inc (California) [2017] FCAFC 111; (2017) 256 FCR 90 Matthews v ASIC [2009] NSWCA 155 Re Colina; Ex parte Topohey [1999] HCA 57; (1999) 200 CLR 386 Re Group Pty Ltd v Kazal (No 4) [2017] FCA 1084 Siminton v Australian Prudential Regulation Authority [2008] FCAFC 89; (2008) 168 FCR 140 Titan Support Systems Inc v Nguyen (No 2) [2015] FCA 359 Witham v Holloway (1995) 183 CLR 525