NSW Caselaw
59 ACSR 113 Reported Decision : 202 FLR 343 (2006) 24 ACLC 1047
New South Wales Supreme Court
CITATION : ASIC v Tasman Investment Management [2006] NSWSC 943
HEARING DATE(S) : 6 and 16 March, 21 April 2006
JUDGMENT DATE : 14 September 2006
JURISDICTION : Equity
JUDGMENT OF : Austin J
DECISION : Directions that the receiver would be justified in making the proposed distribution.
CATCHWORDS : CORPORATIONS - unregistered managed investment scheme - application for distribution of surplus assets in winding up - whether distribution may depart from investors' proprietary rights - form of directions to receiver - whether court should make findings of fact
LEGISLATION CITED : Corporations Act 2001 (Cth) ss 478, 485, 488, 601ED, 601EE
Arakella Pty Ltd v Paton (2004) 60 NSWLR 334 ASIC v Commercial Nominees of Australia Ltd (2002) 42 ACSR 240 ASIC v Melbourne Asset Management Nominees Pty Ltd (rec'r and mgr apptd) (1994) 49 FCR 334 ASIC v Tasman Investment Management Ltd (2004) 50 ACSR 153 ASIC v Tasman Investment Management Ltd [2005] NSWSC 1332 Commonwealth of Australia v Official Trustee in Bankruptcy (as trustee of the property of Vasil) [2004] NSWSC 1155 Cook v Law [2003] FCA 966 Cumulus Wines Pty Ltd v Huntley Management Ltd (2004) 50 ACSR 58 Devaynes v Noble (1816) 1 Mer 572; 35 ER 781 Hamilton v Piggott Wood & Baker [2003] FCA 1055 CASES CITED : HIH Casualty & General Insurance Ltd (in liq) v Building Insurers' Guarantee Corporation (2004) 51 ACSR 21 Mier v FN Management Pty Ltd (2005) 56 ACSR 93 Re Diplock; Diplock v Wintle [1948] 1 Ch 465 Re French Caledonia Travel Service Pty Ltd (in liq) (2003) 48 ACSR 97 Re GB Nathan & Co Pty Ltd (in liq) (1991) 9 ACLC 1291 Re Rowena Nominees Pty Ltd; ex parte Conlan [2006] WASC 69 Re Stacks Managed Investments Ltd (2005) 54 ACSR 466 Re Vandervell's Trusts (No 2) [1974] Ch 269 Warne v GDK Financial Solutions Pty Ltd [2006] NSWSC 259 Westpac Banking Corporation v Earthwise International Ltd [2005] NSWSC 1037 Woods v Dodge [2003] FCA 1066
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