CORPORATIONS – Power of Australian Securities Commission to refer certain conduct in relation to shares to the Corporations and Securities Panel – Sections 732 and 733 of the Corporations Law – Whether unacceptable circumstances had occurred – Meaning of “substantial interest” – Discussion of Eggleston Principles – Sections 615 and 618 of the Corporations Law
CORPORATIONS – Corporations and Securities Panel – Conflict of interest – Decision to hold an inquiry – Power of President to choose members – Section 185 (2) of the Australian Securities Commission Act 1989 (Cth)
STATUTORY INTERPRETATION – ss 615,618, 732, 733 of the Corporations Law
WORDS & PHRASES – “substantial interest”
Tim D. Castle appeared for the first respondent.