Hackett v Nambucca Valley Quarries Pty Ltd [2012] NSWSC 1189

Supreme Court New South Wales

Medium Neutral Citation: Hackett v Nambucca Valley Quarries Pty Ltd [2012] NSWSC 1189 Hearing dates: 14 September 2012 Decision date: 04 October 2012 Jurisdiction: Equity Division Before: Gzell J Decision: Application dismissed with costs. Hearsay evidence admitted as application interlocutory. Catchwords: CORPORATIONS - Supervision, Regulation and Correction - application for leave under Corporations Act 2001 (Cth), s 236 to commence proceedings in name of corporate trustee - whether best interests criterion in s 237(2)(c) established - action by beneficiary raising same issues - whether undertaking as to costs of value EVIDENCE - Admissibility and Relevance - objection to hearsay - whether application under Corporations Act 2001 (Cth), s 236 final or interlocutory Legislation Cited: Corporations Act 2001 (Cth) Cases Cited: Australian Securities Commission v AS Nominees Ltd [1995] FCA 1460; (1995) 62 FCR 504 Barnes v Addy (1874) LR 9 Ch App 244 Collie v Merlaw Nominees Pty Ltd [1998] VSC 203 Ehsman v Nutectime International Pty Ltd [2006] NSWSC 887; (2006) 58 ACSR 705 Fay v Moramba Services Pty Ltd [2009] NSWSC 1428 Fiduciary Ltd v Morningstar Research Pty Ltd [2005] NSWSC 442; (2005) 53 ACSR 732 Hall v Nominal Defendant [1966] HCA 36; (1966) 117 CLR 423 Hurley v BGH Nominees Pty Ltd (1984) 2 ACLC 497 Licul v Corney [1976] HCA 6; (1976) 180 CLR 213 Maher v Honeysett & Maher Electrical Contractors [2005] NSWSC 859 McEwen v Combined Coast Cranes Pty Ltd [2002] NSWSC 1227; (2003) 44 ACSR 244 McLean v Lake Como Venture Pty Ltd [2003] QCA 562; [2004] 2 Qd R 280 Pope v Butcher (1996) 20 ACSR 37 Robash Pty Ltd v Gladstone Pacific Nickel Pty Ltd [2011] NSWSC 1235; (2012) 86 ACSR 432 Swansson v R A Pratt Properties Pty Ltd [2002] NSWSC 583; (2002) 42 ACSR 313 Talisman Technologies Inc v Qld Electronic Switching P/L [2001] QSC 324 Wood v Links Golf Tasmania Pty Ltd [2010] FCA 570 Young v Murphy [1996] 1 VR 279 Texts Cited: R I Barrett, "Recent Cases", (1985) 59 ALJ 46 Category: Interlocutory applications Parties: Kenneth John Hackett (Plaintiff) Nambucca Valley Quarries Pty Limited (Defendant) Representation: Counsel: S Reuben (Plaintiff) M Ashhurst SC with A Smith (Defendant) Solicitors: CCS Legal Pty Ltd (Plaintiff) Falvey Associates Lawyers (Defendant) File Number(s): SC 2011/349950