ING Funds Management Ltd v JP Morgan Nominees Australia Ltd [2009] NSWSC 59

Reported Decision : 69 ACSR 605

New South Wales Supreme Court

CITATION : ING Funds Management Ltd v JP Morgan Nominees Australia Ltd [2009] NSWSC 59

HEARING DATE(S) : 16/02/09

JUDGMENT DATE : 18 February 2009

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Barrett J

DECISION : Representative orders to be made

CATCHWORDS : PROCEDURE - proceedings in respect of trust property - circumstances divide beneficiaries into two classes - appointment of representatives of classes - matters relevant to choice of representative - CORPORATIONS - registered managed investment scheme - proceedings by responsible entity seeking to establish validity of alterations to constitution - need for defendant contradictors - where persons interested in units fall into two classes - appointment of representatives

Civil Procedure Act 2005, s 56 LEGISLATION CITED : Corporations Act 2001 (Cth), Part 5C, ss 167A, 168(1)(a), 169(6A)(c)), 601GB, 601FC(2) Trustee Act 1925, ss 63, 85 Uniform Civil Procedure Rules 2005, rule 7.6

CATEGORY : Procedural and other rulings

Basis Capital Funds Management Ltd v BT Portfolio Services Ltd [2008] NSWSC 555; (2008) 66 ACSR 580 Government Insurance Office (NSW) v Johnson [1981] 2 NSWLR 617 CASES CITED : Macedonian Orthodox Community Church St Petka Inc v His Eminence Petar the Diocesan Bishop of The Macedonian Orthodox Diocese of Australia and New Zealand [2008] HCA 42; (2008) 82 ALJR 1425 Re Avanteos Investments Ltd [2008] NSWSC 370 Sharpe v San Paulo Railway Co (1873) 8 Ch App 597

ING Funds Management Limited as responsible entity of the ANZ Cash Plus Fund - Applicant PARTIES : JP Morgan Nominees Australia Ltd - First Respondent ACIRT Pty Limited - Second Respondent Professional Associations Superannuation Limited - Third Respondent