Sydney Airport Holdings Limited as responsible entity of Sydney Airport Trust 2 [2013] NSWSC 1665

Supreme Court New South Wales

Medium Neutral Citation: Sydney Airport Holdings Limited as responsible entity of Sydney Airport Trust 2 [2013] NSWSC 1665 Hearing dates: 25 October 2013 Decision date: 13 November 2013 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Judicial advice given to responsible entity that it is justified in convening a meeting of members of managed investment schemes to consider a proposed trust scheme. Catchwords: CORPORATIONS - managed investments - meetings - orders sought under s 63 Trustee Act 1925 (NSW) in respect of a proposed trust scheme - where there is a mechanism for scheme members to enforce the right to entitlements that are to be received under the proposed scheme. Legislation Cited: - Trustee Act 1925 (NSW) s 63 - Airports Act 1996 (Cth) - Corporations Act 2001 (Cth) ss 253E, 601FC(2), 601GC, 601GC(1)(a), Pt 2J.1, Pt 5.1 Cases Cited: - Macedonian Orthodox Church St Petka Inc v His Eminence Petar [2008] HCA 42; (2008) 237 CLR 66 - Re Abacus Funds Management [2005] NSWSC 1309; (2005) 24 ACLC 211 - Re APN News & Media Ltd [2007] FCA 770; (2007) 62 ACSR 400 - Re Brambles Industries Ltd [2006] FCA 1273; (2006) 59 ACSR 501 - Re Coles Group Ltd [2007] VSC 389; (2007) 25 ACLC 1380 - Re Cytopia Ltd [2009] VSC 560 - Re DUET Management Company 1 Ltd [2013] NSWSC 817 - Re Dyno Nobel Ltd [2008] VSC 154 - Re Homemaker Retail Management Ltd [2001] NSWSC 1058; (2001) 40 ACSR 116 - Re Hostworks Group Ltd [2008] FCA 64; (2008) 26 ACLC 137 - Re HPAL Ltd [2007] FCA 1570 - Re Investa Properties Ltd [2007] FCA 1104; (2007) 25 ACLC 1186 - Re Kaz Group Ltd [2004] 738 - Re Macquarie Capital Alliance Ltd [2008] NSWSC 745; (2008) 67 ACSR 484 - Re Macquarie Communications Infrastructure Group [2009] NSWSC 487 - Re Macquarie Goodman Funds Management Ltd (as responsible entity of Macquarie Goodman Industrial Trust) [2004] NSWSC 1197; (2004) 52 ACSR 194 - Re Macquarie Private Capital A Ltd [2008] NSWSC 323; (2008) 26 ACLC 366 - Re Mirvac Ltd [1999] NSWSC 457; (1999) 32 ACSR 107 - Re Tempo Services Ltd [2005] FCA 410; (2005) 53 ACSR 523 Category: Interlocutory applications Parties: Sydney Airport Holdings Limited as responsible entity of Sydney Airport Trust 2 (Plaintiff) Representation: Counsel: J. Sheahan SC (Plaintiff) Solicitors: Allens (Plaintiff) File Number(s): 2013/314388