TJ & P Pty Ltd as trustee for the Post Family Trust v Agrinova Pty Ltd (No 2) [2024] FCA 1496

FEDERAL COURT OF AUSTRALIA

TJ & P Pty Ltd as trustee for the Post Family Trust v Agrinova Pty Ltd (No 2) [2024] FCA 1496 File number(s): NSD 1007 of 2020

Judgment of: GOODMAN J

Date of judgment: 20 December 2024

Catchwords: PRACTICE AND PROCEDURE – application for an interlocutory order preventing the respondent from disposing of any of the proceeds of sale of any disposition of real property, water licences or shares held by the respondent, and for ancillary orders – orders sought on the basis of contended diminution of the respondent's net asset position – contended diminution not established – potential frustration or inhibition of the Court's processes not established – usual undertaking as to damages not proffered – application dismissed

Legislation: Federal Court Rules 2011 (Cth), rr 7.32, 7.35

Cases cited: Air Express Ltd v Ansett Transport Industries (Operations) Pty Ltd (1981) 146 CLR 249 Cardile v LED Builders Pty Ltd [1999] HCA 18; (1999) 198 CLR 380 Finn v Carelli [2007] NSWSC 261 Frigo v Culhaci [1998] NSWCA 88 Hortico (Australia) Pty Ltd v Energy Equipment Co (Australia) Pty Ltd (1985) 1 NSWLR 545 Samimi v Seyedabadi [2013] NSWCA 279 Seven Network (Operations) Limited v Fairfax Media Publications Pty Limited [2023] FCAFC 185; (2023) 418 ALR 284 Simmons v Giezekamp [2024] FCA 649 Southern Tableland Insurance Brokers Pty Ltd (in liq) v Schomberg (1986) 11 ACLR 337 TJ & P Pty Ltd as trustee for the Post Family Trust v Agrinova Pty Ltd [2024] FCA 318 Tomlinson v Cut Price Deli Pty Limited, unreported, 23 June 1995