Mirvac Funds Management Ltd in its capacity as responsible entity of Mirvac Industrial Trust [2014] NSWSC 1569

Supreme Court New South Wales

Medium Neutral Citation: Mirvac Funds Management Ltd in its capacity as responsible entity of Mirvac Industrial Trust [2014] NSWSC 1569 Hearing dates: 14 October 2014 Decision date: 10 November 2014 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: - Corporations Act 2001 (Cth) s 601GC - Trustee Act 1925 (NSW) s 63 Cases Cited: - Re Abacus Funds Management [2005] NSWSC 1309; (2006) 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 Cytopia Ltd [2009] VSC 560 - Re DUET Management Company 1 Ltd [2013] NSWSC 817; (2013) 95 ACSR 34 - 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] FCA 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 Mincom Ltd (No 3) [2007] QSC 207; (2007) 213 FLR 364 - Re Mirvac Ltd [1999] NSWSC 457; (1999) 32 ACSR 107 - Re SFE Corporation Ltd [2006] FCA 670 - Re Tempo Services Ltd [2005] FCA 410; (2005) 53 ACSR 523 - Re Webcentral Group Ltd [2006] FCA 937 Category: Interlocutory applications Parties: Mirvac Funds Management Ltd in its capacity as responsible entity of Mirvac Industrial Trust (Plaintiff) Representation: Counsel: I M Jackman (Plaintiff) J R Williams (Acquirer) Solicitors: Allens (Plaintiff) Gilbert & Tobin (Acquirer) File Number(s): 2014/294119