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ASIC v Maxwell

ASIC v Maxwell (2006) 59 ACSR 373; [2006] NSWSC 1052
JurisdictionAustralia
CourtSupreme Court of New South Wales
Year2006
StatusBinding authority

Key Principle

Promoting investment in fixed-return building development loans through public solicitation without a disclosure document or registration constitutes an unregistered managed investment scheme and fundraising contraventions of the Corporations Act, exposing promoters and directors to compensation, pecuniary penalty and disqualification orders.

Area of Law

company

Related Cases

Shafron v Australian Securities and Investments Commission (2012) 247 CLR 465
Bell Group Ltd (in liq) v Westpac Banking Corporation [2012] WASCA 157
Barclay v Penberthy Barclay v Penberthy [2012] HCA 40; (2012) 246 CLR 258

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