21 Jun 2006
PERPETUAL INVESTMENT MANAGEMENT LIMITED HC WN CIV-2005-485-1565
- Citation
- openlaw-82684488_c635_450e_9473_6359db802717.pdf
- Court
- High Court
For subscribers who did not validly object the Court must grant relief under s37AC; an objector must describe a causal nexus showing substantial likelihood that the omitted disclosure would have significantly altered the reasonable investor's decision; where contraventions are technical, not material, and subscribers suffered no material prejudice the Court may exercise its discretion under s37AH to grant relief — accordingly relief was granted for all listed allotments, including exercise of discretion in favour of the objector.