NSW Caselaw
Reported Decision : 72 ACSR 67
New South Wales Supreme Court
CITATION : ING Funds Management Ltd v ANZ Nominees Ltd [2009] NSWSC 404
HEARING DATE(S) : 15/05/09
JUDGMENT DATE : 18 May 2009
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
DECISION : Redemptions of units in train at termination of trust not halted by such termination
CATCHWORDS : CORPORATIONS - managed investments - redemption of units - where trust terminated after making of request for redemption and before redemption completed - whether holders of relevant units entitled to redemption despite intervention of termination of trust - whether holders of relevant units participate with other holders in termination of trust - nature of redemption of units discussed
LEGISLATION CITED : Corporations Act 2001 (Cth), s 601GA(4)(a)
CATEGORY : Principal judgment
Basis Capital Funds Management Ltd v BT Portfolio Services Ltd [2008] NSWSC 766; (2008) 219 FLR 157 CASES CITED : ING Funds Management Ltd v ANZ Nominees Ltd; ING Funds Management Ltd v Professional Associations Superannuation Ltd [2009] NSWSC 243 MSP Nominees Pty Ltd v Commissioner of Stamps (SA) [1999] HCA 51; (1999) 198 CLR 494
ING Funds Management Limited as responsible entity of the ING Wholesale Enhanced Cash Trust - Plaintiff PARTIES : ANZ Nominees Limited - First Defendant National Nominees Limited - Second Defendant
FILE NUMBER(S) : SC 1342/09
Mr I M Jackman SC/Mr J R Williams - Plaintiff COUNSEL : Mr R A Dick/Mr A D'Arcy - First Defendant Mr R M Foreman - Second Defendant
Mallesons Stephen Jaques - Plaintiff SOLICITORS : Freehills - First Defendant Minter Ellison - Second Defendant
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