In the matter of Idylic Solutions Pty Ltd - Australian Securities and Investments Commission v Hobbs [2012] NSWSC 1276 — Corporations & Agency — Barrister AI
In the matter of Idylic Solutions Pty Ltd - Australian Securities and Investments Commission v Hobbs
CORPORATIONS - whether various defendants acted as de facto or shadow directors in relation to various of impugned corporations - directors and officers duties - duty of care and diligence - duty to act in good faith and for a proper purpose - duty not to make improper use of position - whether officers were 'involved' in contraventions by others - Corporations Act 2001 (Cth) ss 79, 180(1), 181 and 182
AGENCY - whether illegal acts were within scope of agency - whether independent contractors were acting as agents - consideration of the scope of authority - whether scope of authority limited to the express terms of a contractual document
CORPORATIONS - financial services and product - whether business confined to provision of financial education or extended to provision of a financial product or financial product advice - whether business required a financial services licence - Corporations Act 2001 (Cth) s 911A
CORPORATIONS - managed investment scheme - whether there was contribution of money or money's worth in consideration for an interest in the benefits produced by the scheme - whether scheme was required to be registered - Corporations Act 2001(Cth) s 601ED(5)
Case Details
Citation[2012] NSWSC 1276
CourtNSWSC
JurisdictionNew South Wales
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