In the matter of Newcastle United Sports Club Limited [2024] NSWSC 622

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Newcastle United Sports Club Limited [2024] NSWSC 622 Hearing dates: 20 May 2024 Date of orders: 20 May 2024 Decision date: 20 May 2024 Jurisdiction: Equity - Corporations List Before: McGrath J Decision: Company reinstated (see [34]) Catchwords: CORPORATIONS – deregistration – application for reinstatement under s 601AH(2) of the Corporations Act 2001 (Cth) – where the company is solvent and provides benefits to local community – where undertakings to rectify governance failures given – HELD – application for reinstatement granted Legislation Cited: Corporations Act 2001 (Cth), ss 601AD, 601AH(2), (3) and (5) Cases Cited: AMP General Insurance Ltd v Victorian WorkCover Authority (2006) 15 VR 175; [2006] VSCA 236 Arnold World Trading Pty Ltd v ACN 133 427 335 Pty Ltd (2010) 80 ACSR 670; [2010] NSWSC 1369 Blazai Pty Ltd v Gateway Development (St Marys) Pty Ltd [2009] NSWSC 800 CGU Workers Compensation (NSW) Ltd v Rockwall Interiors Pty Ltd (2006) 201 FLR 296; [2006] NSWSC 690 Commissioner of Taxation v Iannuzzi (No 3) [2024] FCA 45 Deputy Commissioner of Taxation v Australian Securities and Investments Commission; Re Civic Finance Pty Ltd (deregistered) (2010) 81 ATR 456; [2010] FCA 1411 In the matter of European Metal Recyclers Pty Ltd (in liq) (deregistered) [2018] NSWSC 946 In the matter of Human Group Pty Ltd; In the matter of A.C.N. 137 384 662 Pty Ltd [2023] NSWSC 28 Melluish v Underwood Development Pty Ltd [2004] NSWSC 429 Mitzev v Foxman (2007) 13 BPR 24,989; [2007] NSWCA 273 Pilarinos v Australian Securities and Investments Commission (2006) 24 ACLC 775; [2006] VSC 301 Re ERB International Pty Ltd (deregistered) (2014) 98 ACSR 124; [2014] NSWSC 200 Re LCW Property Holdings Ltd (deregistered) [2020] NSWSC 71 Re Likehart Pty Ltd (deregistered) [2017] NSWSC 884 Category: Principal judgment Parties: Con Constantine (First Plaintiff) Almona Pty Ltd (Second Plaintiff) Newcastle United Sports Club Limited (First Defendant) Australian Securities and Investments Commission (Second Defendant) Representation: Counsel: ML Rose (Plaintiffs) No appearance (Defendants)