The Panel, comprising Diana Chang, Norman O'Bryan SC (sitting President) and Mike Roche, declined to conduct proceedings on an application made by Regis Resources Limited alleging that a group of Regis shareholders became associates earlier than was described in a Form 603 (notice of initial substantial holder) lodged on behalf of those shareholders on 6 March 2009.

The Panel, Paula Dwyer, Simon Mordant (sitting president) and Nerolie Withnall, made a declaration of unacceptable circumstances in relation to the affairs of Gloucester. The Panel considered that unacceptable circumstances existed because, under s657A1 and contrary to the principles in s602, Gloucester shareholders were denied an opportunity to consider the merits of the proposed merger with Whitehaven, or alternatively the bid by Noble or any other control transaction for Gloucester, transactions that would have an effect on the control of, or the acquisition of a substantial interest in, Gloucester.

The review Panel, Kevin McCann AM (sitting president), Hamish Douglass and Catherine Brenner declined to make a declaration of unacceptable circumstances in relation to the affairs of IAS. The review Panel agreed with the conclusion of the initial Panel that the term of the standstill arrangement appeared commercially justifiable and that Centrebet had not established that it should be released from the standstill provisions of the Confidentiality Deed.