In the matter of Flight Centre Technology Pty Ltd [2022] NSWSC 367

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Flight Centre Technology Pty Ltd [2022] NSWSC 367 Hearing dates: 11 March 2022 Date of orders: 31 March 2022 Decision date: 31 March 2022 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders to be made pursuant to s 1322 of the Corporations Act 2001 (Cth) extending or abridging the time for certain steps and relieving Plaintiffs and current and former directors and officers from civil liability in respect of any failure to take specified steps. The Plaintiffs to bring in short minutes of order to give effect to this judgment within 7 days. Catchwords: CORPORATIONS — Financial reporting — Relief from reporting obligations — Application for relief under s 1322 of the Corporations Act — Extension of time to take specified steps — Whether substantial injustice. CORPORATIONS — Directors and officers — Application for relief under s 1322 of the Corporations Act — Relief from civil liability in respect of failure to take specified steps. Legislation Cited: - Corporations Act 2001 (Cth), s 1322 Cases Cited: - Car Buyers Australia Pty Ltd v Australian Securities and Investments Commission [2020] FCA 599 - Ozito Industries Pty Ltd v Australian Securities and Investments Commission (2020) 148 ACSR 585; [2020] FCA 1432 - Re Bremick Pty Ltd [2021] NSWSC 533 - Re ComfortDelGro Corporation Australia Pty Ltd [2020] FCA 378 - Re Compaction Systems Pty Ltd and the Companies Act [1976] 2 NSWLR 477 - Re iCandy Interactive Ltd (2018) 125 ACSR 369 - Re Murray River Organics Ltd (2019) 138 ACSR 365; [2019] FCA 931 - Re Navitas Bundoora Pty Ltd [2020] WASC 87 - Re Wave Capital Ltd (2003) 47 ACSR 418; [2003] FCA 969 - Re Wesfarmers Ltd; Ex parte Wesfarmers Ltd [No 2] [2018] WASC 357 - Weinstock v Beck (2013) 251 CLR 396; (2013) 93 ACSR 231; [2013] HCA 14 Category: Principal judgment Parties: Flight Centre Technology Pty Ltd (First Plaintiff) Australian Opco Pty Ltd (Second Plaintiff) Flight Centre Travel Group Limited (Third Plaintiff) Representation: Counsel: S Mirzabegian SC/D Farinha (Plaintiffs)