NSW Caselaw
Supreme Court New South Wales
Medium Neutral Citation: The Commissioner of the Australian Federal Police v Fysh [2013] NSWSC 81 Hearing dates: 11 December 2012 Decision date: 15 February 2013 Before: McCallum J Decision: Pursuant to section 116 of the Proceeds of Crime Act 2002 (Cth) defendant ordered to pay to the Commonwealth a pecuniary penalty in the amount of $640,857.18. Catchwords: PROCEEDS OF CRIME - pecuniary penalty order - insider trading offences - benefit derived from illegal activity - whether purchase price of shares to be deducted from sale price in assessing value of benefit
STATUTORY INTERPRETATION - principle of legality - requirement for clarity before Parliament will be taken to have intended to interfere with vested property rights Legislation Cited: Corporations Act 2001 (Cth) Crimes (Confiscation of Profits) Act 1986 (Vic) Proceeds of Crime Act 1991 (NZ) Proceeds of Crime Act 2002 (Cth) Cases Cited: Clissold v Perry [1904] HCA 12; (1904) 1 CLR 363 Director of Public Prosecutions (Cth) v Doff [2005] NSWSC 51 Director of Public Prosecutions v Nieves [1992] 1 VR 257 Mansfield v Director of Public Prosecutions [2007] WASCA 39; (2007) 33 WAR 227 New South Wales Crime Commission v Kelaita [2008] NSWCA 284; (2008) 75 NSWLR 564 Momcilovic v The Queen [2011] HCA 34; (2011) 245 CLR 1 Potter v Minahan [1908] HCA 63; (1908) 7 CLR 277 R v Cornwell (1990) 49 A Crim R 122; (1990) 94 ALR 495 R v Fysh (No 4) [2012] NSWSC 1587 R v James [2011] EWCA Crim 2991; [2012] 1 WLR 2641 R v May [2008] UKHL 28; [2008] 4 All ER 97 R v Morgan; R v Bygrave [2008] EWCA Crim 1323; [2008] 4 All ER 890 R v Pedersen [1995] 2 NZLR 386 R v Peterson [1992] 1 VR 297 Texts Cited: J Spigelman, Statutory Interpretation and Human Rights, 1st ed (2008) Category: Principal judgment Parties: Commissioner of the Australian Federal Police (plaintiff) Stuart Alfred Fysh (defendant) Representation: Counsel: D Staehli SC (plaintiff) B Walker SC, I Pike SC (defendant) Solicitors: Commonwealth Director of Public Prosecutions (plaintiff) Gilbert & Tobin Lawyers (defendant) File Number(s): 2011/15688 Publication restriction: None
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