In the matter of Asia Pacific Data Centre Limited [2018] NSWSC 1375

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Asia Pacific Data Centre Limited [2018] NSWSC 1375 Hearing dates: 12, 13 and 14 June 2018Last submissions (20 June 2018) Decision date: 07 September 2018 Before: Gleeson J Decision: (1) Declare that for the purposes of Corporations Act 2001 (Cth), s 253E, and in the events which have happened up to and including 14 June 2018, 360 Capital FM Limited is entitled to vote its interests on the proposed resolutions at the extraordinary general meeting of unitholders of the Asia Pacific Data Centre Trust the subject of a notice of meeting dated 20 December 2017 to be held on the adjourned date as determined by the chairperson of the meeting originally convened on 31 January 2018.

(2) The second defendant to pay the plaintiff's costs. Catchwords: CORPORATIONS – meetings – voting – responsible entity and associates – Corporations Act 2001 (Cth), s 253E – resolution to direct responsible entity to wind-up the Trust – where responsible entity has interest in resolution other than as a member – whether member is permitted to vote – whether member is associate of responsible entity – whether member and responsible entity acting in concert in respect of Trust's affairs Legislation Cited: Corporations Act 2001 (Cth), ss 12, 53(j), 252S, 253E, 253G, 601NE(1)(b), 912A(1)(e), 1074E(2)(g)(i), Ch 5C, Pt 2G.4 Corporations Regulations 2001 (Cth), regs 7.11.37, 1.0.18(b) Evidence Act 1995 (NSW), s 136 Uniform Civil Procedure Rules 2005 (NSW), r 42.1 Cases Cited: AMP Life Ltd v AMP Capital Funds Management Ltd (2016) 312 FLR 391; [2016] NSWCA 176 Australian Olives Ltd v Livadaras (2008) 172 FCR 34; [2008] FCA 1407 Bank of Western Australia Ltd v Ocean Trawlers Pty Ltd (1995) 13 WAR 407; (1995) 16 ACSR 501 Buzzle Operations Pty Ltd (in liq) v Apple Computer Australia Pty Ltd [2010] NSWSC 233; (2010) 77 ACSR 410 C & C Fisher Pty Ltd v Livadaras [2010] FCA 11; (2010) 265 ALR 301; (2010) 77 ACSR 244 Commercial Union Assurance Co of Australia Ltd v Beard (1999) 47 NSWLR 735; [1999] NSWCA 422 Endresz v Whitehouse (1997) 139 FLR 359; (1997) 24 ACSR 208 Fulham Partners LLC v National Australia Bank Ltd [2013] NSWCA 296; (2013) 17 BPR 32,709 Gooley v Motasea Pty Ltd [2015] NSWCA 31 IPT Systems Ltd v MTIC Corporate Pty Ltd [2000] WASC 316; (2000) 36 ACSR 454 Jones v Dunkel (1959) 101 CLR 298; [1959] HCA 8 Massoud v NRMA Insurance Ltd (2005) 62 NSWLR 653 MSPR Pty Ltd v Advanced Braking Technology Ltd [2013] NSWCA 416 Payne v Parker [1976] 1 NSWLR 191 Perpetual Custodians Ltd (as custodian for Tamoran Pty Ltd as trustee for Michael Crivelli) v IOOF Investment Management Ltd; Murray v Perennial Investment Partners Ltd [2012] NSWSC 1318; (2012) 91 ACSR 530 Perpetual Custodians Ltd (as custodian for Tamoran Pty Ltd as trustee for Michael Crivelli) v IOOF Investment Management Ltd (2013) 278 FLR 49; [2013] NSWCA 231 Re AMP Capital Funds Management Limited (in its capacity as responsible entity of the AMP Capital China Growth Fund (ARSN 122 303 744)) (2016) 310 FLR 382; [2016] NSWSC 986 Re Asia Pacific Data Centre Limited [2018] NSWSC 817 The Trust Company (Australia) Ltd v NEXTDC [2018] NSWSC 736 Tim Barr Pty Ltd v Narui Gold Coast Pty Ltd [2008] NSWSC 654 Texts Cited: Anderson, Williams and Clegg, The New Law of Evidence: Annotation and Commentary on the Uniform Evidence Acts (2nd ed, 2009, LexisNexis Butterworths) Category: Principal judgment Parties: 360 Capital FM Limited (Plaintiff) Asia Pacific Data Centre Limited (First Defendant) NEXTDC Limited (Second Defendant) Representation: Counsel: Dr R P Austin / Mr N Mirzai (Plaintiff) Mr S A Lawrance (First Defendant) Dr A S Bell SC / Mr E A J Hyde (Second Defendant)