Burnell and Australian Securities & Investments Commission

The Australian Securities and Investments Commission (ASIC) brought proceedings against Mr. Burnell. The dispute concerned an application for a stay of proceedings. The decision was made by Deputy President F D O’Loughlin of the Tribunal.

The primary legal issue before the Tribunal was whether to grant an application for a stay of proceedings. This required the Tribunal to consider the merits of the application and the relevant legal principles governing stays.

The Tribunal considered the application for a stay and, in light of the foregoing, refused it. The Tribunal's decision was to refuse the application for a stay.