NSW Caselaw
Reported Decision : 61 ACSR 335
New South Wales Supreme Court
CITATION : McLaughlin v Dungowan Manly Pty Ltd [2007] NSWSC 197
HEARING DATE(S) : 23/02/07, 27/02/07, 28/02/07, 02/03/07, 07/03/07
JUDGMENT DATE : 9 March 2007
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
DECISION : Application for interlocutory injunction dismissed
CATCHWORDS : CORPORATIONS - company title home unit company - action by directors to impose levy upon shareholders - whether objects for which levy imposed are objects permitted by constitution - whether levying power of directors exercised for proper purpose - whether forfeiture and sale of plaintiffs' shares for non-payment of levy would be oppressive, unfairly discriminatory or unfairly prejudicial
LEGISLATION CITED : Corporations Act 2001 (Cth), ss.124, 232, 251A(6), 258C
Ashburton Oil NL v Alpha Mining NL (1971) 123 CLR 614 Ding v Sylvania Waterways Ltd (1999) 42 NSWLR 424 Federal Commissioner of Taxation v Western Suburbs Cinemas Ltd (1952) 86 CLR 102 Gambotto v WCP Ltd (1995) 182 CLR 432 Ghabrial v Romolly Pty Ltd (1991) 5 ACSR 611 Goldsmith v Colonial Finance Mortgage Investment and Guarantee Corporation Ltd (1909) 8 CLR 241 Gray v L. Stevenson & Sons Ltd (1899) 25 VLR 476 Harlowe's Nominees Pty Ltd v Woodwide (Lakes Entrance) Oil Co NL (1968) 121 CLR 483 CASES CITED : Howard Smith Ltd v Ampol Petroleum Ltd [1974] AC 821 Kirwan v Cresvale Far East Ltd (2002) 44 ACSR 21 Lion Nathan Australia Pty Ltd v Coopers Brewery Ltd (2006) 59 ACSR 444 McLaughlin v Dungowan Manly Pty Ltd (2006) 59 ACSR 686 New Balkis Eersteling Ltd v Rand Gold Mining Co [1904] AC 165 Nguirli Ltd v McCann (1953) 90 CLR 425 Re Agriculturist Cattle Insurance Co (Stanhope's Case) (1866) LR 1 Ch App 161 Spackman v Evans (1868) LR 3 HL 171 Wayde v New South Wales Rugby League Ltd (1985) 180 CLR 447 Whitehouse v Carlton Hotel Pty Ltd (1987) 162 CLR 285
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