Macquarie Communications Infrastructure Group; In the matter of [2009] NSWSC 487

New South Wales Supreme Court

CITATION : Macquarie Communications Infrastructure Group; In the matter of [2009] NSWSC 487

HEARING DATE(S) : 1 May 2009 JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Brereton J

EX TEMPORE JUDGMENT DATE : 1 May 2009

DECISION : Order convening scheme meeting and approving explanatory statement, subject to minor amendments. Advice that trustee would be justified in convening meeting and circulating explanatory statement, and that proposed amendment to trust constitution within power.

CATCHWORDS : CORPORATIONS – Schemes – application for order convening meeting and approving explanatory statement – triple-stapled securities – concurrent corporation, trust and foreign schemes – deemed warranty – necessity for effect to be spelt out in explanatory statement – TRUSTS – Judicial advice – application for judicial advice in respect of proposed trust scheme

LEGISLATION CITED : (CTH) Corporations Act 2001, s 441(1), s 601GC (NSW) Trustee Act 1925, s 63

CATEGORY : Principal judgment

Re Abacus Funds Management Ltd [2005] NSWSC 1309; (2005) 24 ACLC 211 Re Adelaide Bank Limited [2007] FCA 1582 Re Bank of Adelaide (1979) 22 SASR 481 CASES CITED : Re Macquarie Capital Alliance Ltd [2008] NSWSC 745; (2008) 67 ACSR 484 Re Macquarie Goodman Funds Management Ltd [2004] NSWSC 1197; (2004) 52 ACSR 194 Re Macquarie Private Capital A Limited [2008] NSWSC 323; (2008) 26 ACLC 366 Re Mirvac Limited [1999] NSWSC 457; (1999) 32 ACSR 107

PARTIES : 2233/09 Macquarie Communications Infrastructure Group (plaintiff) 2224/09 Macquarie Communications Infrastructure Management Ltd (plaintiff)