AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION V WHITLAM [2002] NSWSC 526

Reported Decision : 42 ACSR 143 (2002) 20 ACLC 1229

New South Wales Supreme Court

CITATION : AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION V WHITLAM [2002] NSWSC 526 revised - 25/06/2002 FILE NUMBER(S) : SC 4421/01 HEARING DATE(S) : 11/06/02 JUDGMENT DATE : 13 June 2002

PARTIES : Australian Securities and Investments Commission - Plaintiff Nicholas Richard Whitlam - Defendant JUDGMENT OF : Gzell J

Mr D R Stack - Plaintiff COUNSEL : Mr A J Bannon SC with J Stephenson - Defendant Mr R Cobden - For Mr Dempsey SOLICITORS : Australian Securities and Investments Commission Lawyer Watson Mangioni Corporate and Commercial Lawyers - For the Defendant CATCHWORDS : PROCEDURE - Discovery - Notice to Produce - Expurgated portions of transcript of examinations - Forensic purpose - Propensity to make unbalanced and irrational statements - Fishing - Cross-examination as to credit - Proceedings for pecuniary penalities and disqualification. Corporations Law (Cth) Corporations Act 2001 (Cth) Australian Securities and Investments Commission Act 2001 (Cth) LEGISLATION CITED : Evidence Act 1977 (Qld) Supreme Court Rules Rules of Court Excise Act 1901 (Cth) Customs Act 1901 (Cth) Associated Dominions Assurance Society Pty v John Fairfax & Sons Pty Ltd (1955) 72 WN (NSW) 250 at 254 Fried v National Australia Bank (2000) 175 ALR 194 Alister v R (1983-1984) 154 CLR 404 at 414-415 Re Emma Silver Mining Co (1875) LR 10 Ch App 194 at 197 Lucas Industries v Hewitt (1978) 18 ALR 555 CASES CITED : R v Saleam (1989) 16 NSWLR 14 at 19 Carter v Hayes (1994) 72 A Crim R 387 at 389 Labrador Liquor Wholesale Pty Ltd v Chief Executive Officer of Customs (2001) 162 FLR 230 Hunt v Judge Russell (1995) 63 SASR 402 at 410 Bailey v Beagle Management (2001) 105 FCR 136 at 143 Sankey v Whitlam (1978) 142 CLR 1 Air Canada v Secretary of State for Trade [1983] AC 394 DECISION : See par 16