NRMA Limited (Application of); NRMA Insurance Limited (Application of) [2000] NSWSC 49

Reported Decision : (1999) 33 ACSR 523

New South Wales Supreme Court

CITATION : NRMA Limited (Application of); NRMA Insurance Limited (Application of) [2000] NSWSC 49 revised - 17/02/2000 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 5131/99; 5132/99 HEARING DATE(S) : 31/01/00, 01/02/00, 07/02/00, 08/02/00, 11/02/00, 14/02/00 JUDGMENT DATE : 14 February 2000

PARTIES : NRMA Limited (ACN 000 010 506) (Plaintiff) NRMA Insurance Limited (ACN 000 016 722) (Plaintiff) JUDGMENT OF : Santow J

A Archibald, QC/N O'Bryan/A G Bell (NRMA Limited) J R Sackar, QC/P M Wood/L McCallum (NRMA Insurance Ltd) T D Castle (ASIC) COUNSEL : B J Camilleri (for Richard Talbot) David Lewis Parker (in person) Earle Robinson (in person) Tony Allen (in person) Corrs Chambers Westgarth (NRMA Limited) SOLICITORS : Freehill Hollingdale & Page (NRMA Insurance Limited) Mallesons Stephen Jaques (the Proposal) Ms Kathy Cuneo (ASIC) CATCHWORDS : CORPORATIONS — Schemes of Arrangement with associated steps of a proposal to demutualise — Interim reasons for making convening orders and approving explanatory statement — Process followed with objectors in dealing with threshold issues. LEGISLATION CITED : Corporations Law s411 DECISION : Convening of meeting approved.

REVISED — 17 February, 2000 IN THE SUPREME COURT OF NEW SOUTH WALES IN EQUITY

SANTOW J

No. 5131/99 In the matter of NRMA LIMITED ACN 000 010 506 and the Corporations Law NRMA LIMITED ACN 000 010 506 Plaintiff No. 5132/99 In the matter of NRMA INSURANCE LIMITED ACN 000 016 722 and the Corporations Law NRMA INSURANCE LIMITED ACN 000 016 722 Plaintiff