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MacarthurCook Fund Management Limited v TFML Limited

[2014] HCA 17
Case number
S39/2014
Before
French CJ, Crennan, Kiefel, Bell, Gageler JJ
Catchwords

Corporations – Managed investment schemes – Unlisted unit trust – Members' rights to withdraw from scheme – Where terms of issue of units in trust provided for redemption within stipulated time period – Where units not redeemed within stipulated time period – Whether obligation to redeem units subject to requirements of Pt 5C.6 of Corporations Act 2001 (Cth) – Whether redemption of units constitutes withdrawal from scheme within meaning of Pt 5C.6 of Corporations Act 2001 (Cth).

Words and phrases – "managed investment schemes", "redemption", "withdrawal".

Corporations Act 2001 (Cth) – Pt 5C.6, ss 601GA(4), 601KA.

Files
17.rtf (168.47 KB)
17.pdf (81.77 KB)