High Court of Australia

MacarthurCook Fund Management Limited v TFML Limited [2014] HCA 17

88 ALJR 616; 308 ALR 202

14 May 2014

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.
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