In the matter of WSP Australia Pty Ltd [2024] NSWSC 1375

Supreme Court New South Wales

Medium Neutral Citation: In the matter of WSP Australia Pty Ltd [2024] NSWSC 1375 Hearing dates: 24 October 2024 Date of orders: 24 October 2024 Decision date: 30 October 2024 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made pursuant to s 1322 of the Corporations Act 2001 (Cth) extending the time for certain steps and relieving several companies and current and former directors and officers from civil liability in respect of any failure to take specified steps. Catchwords: CORPORATIONS — Financial reporting — Relief from reporting obligations — Application for relief under s 1322 of the Corporations Act 2001 (Cth) — Extension of time to take specified steps — relief from liability — Whether substantial injustice. CORPORATIONS — Directors and officers — Application for relief under s 1322 of the Corporations Act 2001 (Cth) — 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 - Electricity Generation Corporation (t/as Verve Energy) v Woodside Energy Ltd (2014) 251 CLR 640; 306 ALR 25; [2014] HCA 7 - Entertainment Publications of Australia Pty Ltd v Australian Securities and Investments Commission [2022] FCA 960 - Michael Hill Jeweller (Australia) Pty Ltd v Gispac Pty Ltd [2024] NSWCA 211 - Mount Bruce Mining Pty Ltd v Wright Prospecting Pty Ltd (2015) 256 CLR 104; 325 ALR 188; [2015] HCA 37 - Ozito Industries Pty Ltd v Australian Securities and Investments Commission (2020) 148 ACSR 585; [2020] FCA 1432 - Price (dec'd)) v Spoor (as trustee) (2021) 391 ALR 532; [2021] HCA 20 - Re Border Express Pty Ltd [2023] VSC 769 - 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 Flight Centre Technology Pty Ltd [2022] NSWSC 367 - Re iCandy Interactive Ltd (2018) 125 ACSR 369; [2018] FCA 533 - Re Murray River Organics Ltd (2019) 138 ACSR 365; [2019] FCA 931 - Re Navitas Bundoora Pty Ltd [2020] WASC 87 - Re Order of AHEPA NSW Inc [2018] NSWSC 458 - 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: WSP Australia Pty Ltd (Plaintiff) Australian Securities and Investments Commission (Defendant) Representation: Counsel: J Wheeldon (Plaintiff)