Australian Securities and Investments Commission v Drury Management Pty Ltd & Ors [2003] QSC 443

State Reporting Bureau ]Sod3]©sc443 Queensland Government Department of Justice and Attorney-General Transcript of Proceedings Copyright in this transcript is vested in the Crown. Copies thereof must not be made or sold without the written authority of the Director, State Reporting Bureau. SUPREME COURT OF QUEENSLAND CIVIL JURISDICTION JONES J REVISED COPIES ISSUED State Reporting Bureau Date: 5 December. 2003 Application No 464 of 2002 AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION and DRURY MANAGEMENT PTY LTD and PIET CORNELIUS WALTERS and MARK SAMUEL EVANS and RANSOM HOUSE PTY LTD CAIRNS ..DATE 01/12/2003 Applicant First Respondent Second Respondent Third Respondent Fourth Respondent JUDGMENT WARNING: The publication of information or details likely to lead to the identification of persons in some proceedings is a criminal offence. This is so particularly in relation to the identification of children who are involved in criminal proceedings or proceedings for their protection under the Child Protection Act 1999, and complainants in criminal sexual offences, but is not limited to those categories. You may wish to seek legal advice before giving others access to the details of any person named in these proceedings. 1 4th Floor, The Law Courts, George Street, Brisbane, Q. 4000 Telephone: (07) 3247 4360 Fax: (07) 3247 5532 -- 1 of 3 -- 01122003 D.1 T5/KSJ M/T CNS1/2003 (Jones J) HIS HONOUR: This is an application by Ian David Jessup, the Court appointed receiver of the first respondent and the fourth respondent, seeking the public examination of certain persons pursuant to sections 596A and 596B of the Corporations Act . HIS HONOUR: The applicant has been authorised by Australian Securities and Investment Commission to conduct the public examination by letter, dated the 17th of October 2003 (Exhibit IDJ1 ). In his two affidavits, Mr Jessup has identified the persons whom he wishes to examine and the role that each of those persons has played in the affairs of the respondents of which he is the receiver. The application for the examination of Virginia Lee Ranson- Walters must be made pursuant to 596A, as she is an examinable officer of the corporation under administration. HIS HONOUR: I am satisfied that the examination of each of the individuals referred to in the affidavit of Mr Jessup is appropriate for the reasons which he outlines. 2 JUDGMENT -- 2 of 3 -- 01122003 D.l T5/KSJ M/T CNS1/2003 (Jones J) I will therefore make orders in terms of the draft initialled by me and placed with the papers. 3 JUDGMENT -- 3 of 3 --