ASIC v Matthews [2009] NSWSC 77

Reported Decision : 69 ACSR 559

New South Wales Supreme Court

CITATION : ASIC v Matthews [2009] NSWSC 77

HEARING DATE(S) : 08/12/08, 09/12/08

JUDGMENT DATE : 25 February 2009

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Barrett J

DECISION : The charges in paragraphs 2 and 5 of amended statement of charge are made out. It is determined that the defendant is guilty of contempt of court accordingly. The remaining charges in the amended statement of charge are not made out.

CATCHWORDS : PROCEDURE - contempt - alleged contravention of permanent injunctions - construction of orders - CORPORATIONS - conduct relating to solicitation of investment in securities - "undertake" a "business" - content of such business

Company Law Review Act 1998 (Cth), s 3 LEGISLATION CITED : Corporations Act 2001 (Cth), ss 726, 911A, 911B, Corporations Law, ss 9. 77(1), 92, 93(1), 93(4), 119, 780(1), 781(a), 1019, 1413

CATEGORY : Principal judgment

Athens v Randwick City Council [2005] NSWCA 317; (2005) 64 NSWLR 58 Attorney General v The Mutual Home Loans Fund of Australia Ltd [1971] 2 NSWLR 162 Australian Softwood Forests Pty Ltd v Attorney General [1981] HCA 49; (1981) 148 CLR 121 Bank of New South Wales v The Commonwealth [1948] HCA 7; (1948) 76 CLR 1 Chappius v Filo (1990) 19 NSWLR 490 CASES CITED : Dungate v Lee [1969] 1 Ch 545 Hyde v Sullivan [1956] SR (NSW) 113 Metcash Trading Ltd v Bunn (No 5) [2009] FCA 16 R v Bodsworth (1968) 87 WN (NSW) (Pt 1) 290 Royal Bank of Canada v Inland Revenue Commissioners [1972] Ch 665 Western Gold Mines NL v Commissioner of Taxation (WA) [1938] HCA 5; (1938) 59 CLR 729