Grain Technology Australia Ltd v Rosewood Research Pty Ltd (No 3) [2023] NSWSC 238

Supreme Court New South Wales

Medium Neutral Citation: Grain Technology Australia Ltd v Rosewood Research Pty Ltd (No 3) [2023] NSWSC 238 Hearing dates: 21, 22, 23, 24 March 2022; further written submissions ending 21 April 2022 Date of orders: 17 March 2023 Decision date: 17 March 2023 Jurisdiction: Equity Before: Parker J Decision: see [421]-[424] Catchwords: EQUITY – jurisdiction – charitable trusts – charitable corporations – company limited by guarantee – where company objects involve promotion of bread-making and allied industries – whether company's assets held on trust for its objects – whether objects charitable Legislation Cited: Charitable Collections Act 1934 (NSW) Charitable Fundraising Act 1991 (NSW) Charitable Trustees Incorporation Act 1872 (UK) (35 & 36 Vict c 24) Charitable Trusts Act 1853 (UK) (16 & 17 Vict c 137), s 57 Charitable Trusts Act 1860 (UK) (23 & 24 Vict c 136) Charitable Trusts Act 1993 (NSW) Charitable Trusts Amendment Act 1855 (UK) (18 & 19 Vict c 124) Charitable Uses Act 1601 (UK) (43 Eliz 1 c 4) Charities Act 1960 (UK) Charities Act 2011 (UK) Charities Procedure Act 1812 (UK) (52 Geo 3 c 101 Companies Act 1862 (UK) (25 & 26 Vict c 89), s 21 Companies Act 1867 (UK) (30 & 31 Vict c 131), s 23 Companies Act 1874 (NSW), ss 54, 55 Companies Act 1936 (NSW), s 34 Corporations Act 2001 (Cth), s 125 Duties on Income Act 1799 (UK) (39 Geo 3, c 13), s 5 Joint Stock Companies Act 1844 (UK) (7 & 8 Vict c 110) Mortmain Act 1736 (UK) (9 Geo 2 c 36) Succession Act 2006 (NSW), s 43