The Court granted an extension of time under s 1322(4)(d) of the Corporations Act to validate a cleansing notice lodged approximately seven months late, and made declarations under s 1322(4)(a) that offers for sale or sales of the relevant securities were not invalid by reason of the failure. The result turned on the particular facts, including that the failure was inadvertent, the company acted promptly once the error was discovered, no party opposed the orders, and no substantial injustice would be caused.
The full text is available to signed-in members, including the 1 later case that cites this judgment.
1 of the 1 citing case carries a classified treatment. How each court treated it is available to signed-in members.