Application of Rinehart: 2020/142504 (No 2) [2021] NSWSC 364

Supreme Court New South Wales

Medium Neutral Citation: Application of Rinehart: 2020/142504 (No 2) [2021] NSWSC 364 Hearing dates: 17 February 2021 Date of orders: 9 April 2021 Decision date: 09 April 2021 Jurisdiction: Equity Before: Parker J Decision: See [122]-[123] Catchwords: CIVIL PROCEDURE – equity – trust administration proceedings – order appointing trustee on basis of undertakings not to bring legal proceedings without obtaining judicial advice – orders for "variation" of undertakings made on application of trustee – application to set variation orders aside – necessary parties – finality of undertakings – grounds upon which undertakings may be modified – whether "variation" (rather than discharge) of undertakings permissible Legislation Cited: Corporations Act 2001 (Cth), s 588FF Jurisdiction of Courts (Cross-vesting) Act 1987 (NSW), s 9 Jurisdiction of Courts (Cross-vesting) Act 1987 (WA), s 4 Rules of the Supreme Court 1971 (WA), O 58 Supreme Court Act 1935 (WA), s 16 Trustee Act 1925 (NSW), s 63 Trustees Act 1962 (WA), ss 14, 15, 77, 92, 93, 95 Uniform Civil Procedure Rules 2005 (NSW), rr 6.24, 7.11, 7.12, 36.15, 36.16, 54.3, 54.4, 54.5 Cases Cited: Adam P Brown Male Fashions Pty Ltd v Philip Morris Inc (1981) 148 CLR 170 Alford v Ebbage [2003] 1 Qd R 343 Application of Rinehart: 2020/142504 [2020] NSWSC 1624 A-Tech Australia Pty Ltd v Top Pacific Construction Aust Pty Ltd [2019] NSWSC 404 Australian Conservation Foundation Inc v Commonwealth (1980) 146 CLR 493 Bailey v Marinoff (1971) 125 CLR 529 Birch v Birch [2017] UKSC 53; 1 WLR 2959 Chellaram v Chellaram [1985] Ch 409 Clone Pty Ltd v Players Pty Ltd (2018) 264 CLR 165 Cutler v Wandsworth Stadium Ltd [1945] 1 All ER 103 Commonwealth Bank of Australia v The Law on Debenture Trust Corporation PLC [No 4] [2018] WASC 165 Director of Public Prosecutions v Australian Broadcasting Corporation (1987) 7 NSWLR 588 DJL v Central Authority (2000) 201 CLR 226 European Asian Bank AG v Wentworth (1986) 5 NSWLR 445 Fylas Pty Ltd v Vynal Pty Ltd [1992] 2 Qd R 593 Garden Mews – St Leonards Pty Ltd v Butler Pollnow Pty Ltd (No 2) (1984) 9 ACLR 117 Hancock v Rinehart [2013] NSWSC 1998 Hancock v Rinehart [2014] NSWSC 658 Hancock v Rinehart [2015] NSWSC 646 Hancock v Rinehart [2015] NSWSC 788 Hancock v Rinehart [2020] NSWSC 1853 In the matter of Colorado Products Pty Ltd [2013] NSWSC 611 In the matter of Jimmy's Recipe Pty Ltd [2020] NSWSC 93 John Alexander's Clubs Pty Ltd v White City Tennis Club Ltd (2010) 241 CLR 1 JPMorgan Chase Bank, National Association v Fletcher (2014) 85 NSWLR 644 Macedonian Orthodox Community Church St Petka Inc v His Eminence Petar The Diocesan Bishop of The Macedonian Orthodox Diocese of Australia and New Zealand (2008) 237 CLR 66 Miltonbrook Pty Ltd v Westbury Holdings Kiama Pty Ltd (2008) 71 NSWLR 262 News Ltd v Australian Rugby Football League Ltd (1996) 64 FCR 410 Olsen v James [2020] NSWSC 1015 Pegang Mining Co Ltd v Choong Sam [1969] 2 MLJ 52 R v Dunbabin; Ex parte Williams (1935) 53 CLR 434 Re Application of Macedonian Orthodox Community Church St Petka Inc (No 2) (2005) 63 NSWLR 441 Re Estate Nitopi, deceased [2018] NSWSC 1560 Thomson Australian Holdings Pty Ltd v Trade Practices Commission (1981) 148 CLR 150 Woods v Sherriff of Queensland (1895) 6 QLJ 163 Category: Procedural rulings Parties: Motion 21 December 2020 Hancock Prospecting Pty Ltd (First Applicant) Hope Downs Iron Ore Pty Ltd (Second Applicant) Bianca Hope Rinehart (First Respondent/Plaintiff) Georgina Hope Rinehart (Second Respondent) John Langley Hancock (Third Respondent) Hope Rinehart Welker (Fourth Respondent) Ginia Hope Frances Rinehart (Fifth Respondent)