Tyndall Superannuation Limited & 1 Ors v Commercial Nominees of Australia Limited & 2 Ors [2001] NSWSC 162

Reported Decision : (2001) 37 ACSR 167

New South Wales Supreme Court

CITATION : Tyndall Superannuation Limited & 1 Ors v Commercial Nominees of Australia Limited & 2 Ors [2001] NSWSC 162 revised - 16/03/2001 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 1645/01 HEARING DATE(S) : 7 March 2001 JUDGMENT DATE : 7 March 2001

Tyndall Superannuation Limited, ABN 61 063 427 958 (First Plaintiff) Royal & Sun Alliance Financial Services Limited ABN 64 001 698 228 (Second Plaintiff) PARTIES : Commercial Nominees of Australia Limited, ACN 054 235 853 (First Defendant) Strategic Superannuation Solutions Pty Limited, ACN 052 126 664 (Second Defendant) Power Capital Group Limited (Third Defendant) JUDGMENT OF : Santow J

J E Marshall (Plaintiffs) COUNSEL : J Campbell, QC (Defendants) W E Stow (Sol.) (APRA) SOLICITORS : Clayton Utz (Plaintiffs) Phillips Fox (Defendants) CATCHWORDS : PROCEDURE — Interlocutory mandatory injunctions — Did interlocutory relief have practical effect of final relief — Serious question to be tried or prima facie case — Making available of trust records under superannuation trusts by manager to new trustee — Construction of trust deed — Confidentiality claim by manager can't prevail over obligations under s52(2) of Superannuation Industry (Supervision) Act 1993 (Cth) — Manager not entitled to insist on practical benefit of lien — Role of APRA. LEGISLATION CITED : Corporations Law s9 Superannuation Industry (Supervision) Act 1993 (Cth) s52(2)(c) and (e) Australian Rugby Union Ltd v Hospitality Group Pty Ltd [1999] FCA 136 CASES CITED : Kolback Securities Ltd v Epoch Mining NL (1987) 8 NSWLR 533 National Mutual Holdings Pty Ltd v Sentry Corporation (1989) 22 FCR 209 DECISION : Access granted to the Plaintiffs.