In the matter of Tassal Group Limited [2022] NSWSC 1414

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Tassal Group Limited [2022] NSWSC 1414 Hearing dates: 30 September 2022 Date of orders: 30 September 2022 Decision date: 18 October 2022 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made convening scheme meeting in respect of demerger scheme. 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 to implement demerger – Whether requirements to order scheme meeting are satisfied Legislation Cited: - Corporations Act 2001 (Cth), ss 411, 1319 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; [2005] NSWSC 1309 - Re Adelaide Bank Ltd [2007] FCA 1582 - Re Afterpay Ltd [2021] NSWSC 1435 - Re AGL Ltd [2022] NSWSC 576 - Re APN News & Media Ltd [2007] 62 ACSR 400 - Re Ardent Leisure Ltd [2018] NSWSC 1665 - Re Atlas Iron Ltd (2016) 112 ACSR 554 - Re Aveo Group Limited and Aveo Funds Management Ltd [2019] NSWSC 1348 - Re BIS Finance Pty Ltd [2017] NSWSC 1713 - Re Bolnisi Gold NL (No 2) (2007) 65 ACSR 510 - Re Cashcard Australia Ltd (2004) 48 ACSR 738 - Re Centrebet International Ltd [2011] FCA 870 - Re Centro Retail Ltd [2011] NSWSC 1320 - Re CSR Ltd (2010) 183 FCR 358 - Re DUET Finance Ltd [2017] NSWSC 415 - Re DUET Management Company I Ltd [2013] NSWSC 817 - Re DWS Ltd [2020] FCA 1590 - Re Foster's Group Ltd (No 2) [2011] VSC 547 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252; [2002] FCA 742 - Re GBST Holdings Ltd [2019] NSWSC 1280 - Re Intega Group Ltd [2021] NSWSC 1707 - Re Investa Listed Funds Management Ltd [2016] NSWSC 344 - Re Investa Listed Funds Management Ltd [2016] NSWSC 369 - Re Kidman Resources Ltd [2019] FCA 1226 - Re Macquarie Private Capital A Ltd [2008] NSWSC 323 - Re Mosaic Oil NL [2010] FCA 985 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601 - Re ResApp Health Ltd [2022] NSWSC 1353 - Re rhipe Ltd [2021] NSWSC 1170 - Re SAI Global Ltd [2016] FCA 1312 - Re Simavita Holdings Ltd [2013] FCA 1274 - 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 Tawana Resources NL (No 2) [2018] FCA 1724 - Re TPG Telecom Ltd [2020] NSWSC 772 - Re Trust Company Ltd [2013] NSWSC 1946 - Re Veda Group Ltd [2015] FCA 1506 - Re Villa World Ltd [2019] NSWSC 1207 - Re Walsh & Company Investments Ltd [2020] NSWSC 1746 Category: Principal judgment Parties: Tassal Group Limited (Plaintiff) Representation: Counsel: J Williams SC (Plaintiff) D Thomas SC (Acquirer)