In the matter of AGL Limited [2022] NSWSC 576

Supreme Court New South Wales

Medium Neutral Citation: In the matter of AGL Limited [2022] NSWSC 576 Hearing dates: 5 and 6 May 2022 Date of orders: 6 May 2022 Decision date: 12 May 2022 Jurisdiction: Equity - Corporations List Before: Black J Decision: Order made convening scheme meeting and approving the Demerger Booklet for distribution to shareholders. Catchwords: CORPORATIONS – Arrangements and reconstructions – Schemes of arrangement or compromise – Application under s 411 of the Corporations Act 2001 (Cth) for orders convening meeting of members to consider and, if thought fit, to agree to proposed scheme of arrangement – whether requirements to order scheme meeting are satisfied. Legislation Cited: - Corporations Act 2001 (Cth), s 411 Cases Cited: - Australian Securities Commissions v Marlborough Gold Mines Ltd (1993) 177 CLR 485 - F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re Abacus Funds Management Ltd (2006) 24 ACLC 211 - Re Alchemia Ltd [2012] FCA 927 - Re APN News & Media Ltd (2007) 62 ACSR 400 - Re Ardent Leisure Ltd [2018] NSWSC 1665 - Re Australian Leisure and Entertainment Property Management Ltd [2021] NSWSC 1431 - Re BINGO Industries Ltd [2021] NSWSC 798 - Re BIS Finance Pty Ltd [2017] NSWSC 1713 - Re Centrebet International Ltd [2011] FCA 870 - Re Centro Retail Ltd [2011] NSWSC 1320 - Re Coca-Cola Amatil Ltd [2021] NSWSC 270 - Re CSR Limited (2010) 183 FCR 358; (2010) 265 ALR 703; (2010) 77 ACSR 592; [2010] FCAFC 34 - Re DUET Finance Ltd [2017] NSWSC 415 - Re Ellerston Global Investments Ltd [2020] NSWSC 879 - Re ERM Power Ltd [2019] NSWSC 1502 - Re ETRADE Australia Ltd (1999) 30 ACSR 516 - Re Foster's Group Ltd [2011] VSC 93 - Re Foster's Group Ltd (No 2) [2011] VSC 547 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252; [2002] FCA 742 - Re Investa Listed Funds Management Ltd [2016] NSWSC 344 - Re Macquarie Private Capital A Ltd [2008] NSWSC 323 - Re Mosaic Oil NL [2010] FCA 98 - Re National Australia Bank Limited [2016] VSC 62 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601 - Re Rhipe Ltd [2021] NSWSC 1170 - Re SAI Global Ltd [2016] FCA 1312 - Re Spark Infrastructure RE Ltd [2021] NSWSC 1385 - Re Staging Connections Group Ltd [2015] FCA 1012 - Re Sydney Airport Ltd and the Trust Company (Sydney Airport) Ltd as responsible entity for Sydney Airport Trust 1 [2022] NSWSC 25 - Re Tabcorp Holdings Ltd [2022] NSWSC 448 - Re TPG Telecom Ltd [2020] NSWSC 772 - Re Villa World Ltd [2019] NSWSC 1207 - Re Walsh & Company Investments Ltd [2020] NSWSC 1746 - Re Wesfarmers Ltd; Ex Parte Wesfarmers Ltd [2018] WASC 308 Category: Principal judgment Parties: AGL Energy Limited (Plaintiff) Representation: Counsel: I M Jackman SC/M J Entwisle (Interested Party)