A J Lucas Group Limited, in the matter of A J Lucas Group Limited [2008] FCA 999

A J Lucas Group Limited, in the matter of A J Lucas Group Limited [2008] FCA 999

No substantial injustice would be caused by granting the extension of time for giving notice to ASX under s 708A(5)(e), and all material information has been disclosed; therefore, the period for doing the act should be extended.

Jurisdiction
Australia
Judgment Date
23 June 2008
Procedural Posture
Corporations Act Application / Application for Extension of Time
Outcome
Application granted
Legal Topics
['extension of Time' 'disclosure Requirements' 'securities Offering']
['corporations Law'] ['extension of Time' 'disclosure Requirements' 'securities Offering']

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Procedural Posture

Corporations Act Application / Application for Extension of Time

Legal Issues

  1. 1 ['Whether time for giving notice to ASX under s 708A(5)(e) of the Corporations Act 2001 (Cth) may be extended under s 1322(4)(d)' 'Whether failure to give notice within prescribed time limits causes substantial injustice']

Ratio Decidendi

No substantial injustice would be caused by granting the extension of time for giving notice to ASX under s 708A(5)(e), and all material information has been disclosed; therefore, the period for doing the act should be extended.

Court Disposition

Application granted

Orders

  • ['The time for giving the notice dated 20 June 2008 to ASX is extended up to and including 20 June 2008 pursuant to s 1322(4)(d) of the Corporations Act 2001 (Cth).']