Federal Court of Australia
Federal Court of Australia
Australian Securities and Investments Commission v A One Multi Services Pty Ltd (No 4) [2024] FCA 1469 File number: QUD 338 of 2021
Judgment of: DERRINGTON J
Date of judgment: 18 December 2024
Catchwords: CORPORATIONS – application by Court appointed receivers for approval of remuneration for past work – amount sought is reasonable – application granted CORPORATIONS – application by receivers for indemnity from Australian Securities and Investments Commission (ASIC) – where receivers already ordered to be indemnified out of assets over which they are appointed – no principled reason to require ASIC to indemnify receivers – application refused
Legislation: Corporations Act 2001 (Cth) Federal Court of Australia Act 1976 (Cth)
Cases cited: ASIC v A One Multi Services Pty Ltd (No 2) (2022) 166 ACSR 26 Australian Securities and Investments Commission v A One Multi Services Pty Ltd [2021] FCA 1297 Australian Securities and Investments Commission v Carey (No 5) (2006) 58 ACSR 6 Australian Securities and Investments Commission, Re Richstar Enterprises Pty Ltd v Marco (No 4) [2020] FCA 881 Australian Securities and Investments Commission; Re Richstar Enterprises Pty Ltd v Carey (No 12) (2007) 60 ASCR 597 Australian Securities Commission v Aust-Home Investments Pty Ltd (1993) 116 ALR 523 Australian Securities Commission v Berona Investments Pty Ltd (1995) 18 ACSR 772 In re Universal Distributing Company Limited (in liquidation) (1933) 48 CLR 171 Rosanove v O'Rourke [1988] 1 Qd R 171
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