Introduction

1. The Panel, Michael Borsky QC, Richard Hunt (sitting President) and Karen Phin, declined to conduct proceedings on an application by Mineral Commodities Limited in relation to its affairs. The application concerned whether a shareholder of Mineral Commodities, who had nominated three directors for appointment at a spill meeting convened under sections 250U and 250V¹, was associated with other shareholders in contravention of section 606 and the substantial holding provisions.