Collins v AMP Superannuation Ltd

Case [2000] FCA 502


FEDERAL COURT OF AUSTRALIA

Collins v AMP Superannuation Ltd [2000] FCA 502

JUDGE: HIGGINS J
DATE OF ORDER: 11 APRIL 2000
WHERE MADE: CANBERRA

IN THE FEDERAL COURT OF AUSTRALIA

AUSTRALIAN CAPITAL TERRITORY

DISTRICT REGISTRY

AG 93  OF   1997

BETWEEN:

KIMBERLEY ELLEN COLLINS AND ANOTHER
APPLICANT

AND:

AMP SUPERANNUATION LIMITED
FIRST RESPONDENT

AND:

JUSTIN COLLINS AND NICHOLAS COLLINS
SECOND RESPONDENT

DATE OF ORDER:

11 APRIL 2000

WHERE MADE:

CANBERRA

THE COURT ORDERS THAT:

1.The application for a stay of proceedings is declined.

Note:Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules.


IN THE FEDERAL COURT OF AUSTRALIA

AUSTRALIAN CAPITAL TERRITORY

DISTRICT REGISTRY

AG 93 OF 1997

BETWEEN:

KIMBERLEY ELLEN COLLINS AND ANOTHER
APPLICANT

AND:

AMP SUPERANNUATION LIMITED
FIRST RESPONDENT

AND:

JUSTIN COLLINS AND NICHOLAS COLLINS
SECOND RESPONDENT

JUDGE:

HIGGINS J

DATE:

11 APRIL 2000

PLACE:

CANBERRA

EX TEMPORE REASONS FOR JUDGMENT

  1. There is nothing to prevent the applicants for a stay of proceeding appealing against the decision of Finn J.  There is also nothing to prevent the applicants taking such proceedings as may be appropriate under the Family Provision Act whether it be of New South Wales or Victoria.  It seems unlikely to be that of the Australian Capital Territory given the addresses of the parties and the place where the trustees resided for the purpose of making a determination.  Whether or not such an application would be competent after this lapse of time, I do not know.

  2. It may well be that an extension of time could or might be granted on the grounds as shown.  However, the present proceedings are not appropriate for that purpose.  The present proceedings are an application for a stay of Finn J’s decision to dismiss an appeal from the decision of the Superannuation Complaints Tribunal which in turn had, following Merkel J’s decision, rejected a complaint made by the applicants against a determination that the superannuation benefits be divided into two and paid to two of the four children of the deceased.  Now, whatever be the merits of the appeal, I say nothing about that, it does seem to me that a stay would simply serve no useful purpose and there is nothing to stay.

  3. Whether or not there may be some possible stay of proceedings against the two remaining children in the event that some order is sought to include payments of superannuation in the estate for the purpose of the Family Provision Act of whatever


    State or Territory may be relevant, requiring them perhaps to put aside some of the funds which may be distributed to them, I do not know but, then again, that is a hypothetical question.  So, in short, on the information I currently have the application for stay is declined.

  4. I make the usual order as to costs.  That is, that the applicant pay the respondents costs of and incidental to this application

I certify that the preceding four (4) numbered paragraphs are a true copy of the Reasons for Judgment herein of the Honourable Justice Higgins

Associate:

Dated:             11 April 2000

Counsel for the Applicants: Mr C Kilduff
Solicitor for the Applicant: G J Piscioneri & Co.
Counsel for the First Respondent: Mr G Stretton
Solicitor for the First Respondent: Mallesons Stephen Jaques
Counsel for the Second Respondent: Mr D Harper
Solicitor for the Second Respondent: Abbott Tout Harper & Blain
Date of Hearing: 11 APRIL 2000
Date of Judgment: 11 APRIL 2000
Details
AGLC
Collins v AMP Superannuation Ltd [2000] FCA 502
Case
[2000] FCA 502
Decision Date

CaseChat Overview and Summary

The matter of Collins v AMP Superannuation Ltd was heard by the Federal Court of Australia. The dispute at the heart of this case revolves around a claim for compensation and damages that the plaintiff, Collins, asserts arose from the defendant's, AMP Superannuation Ltd, alleged mismanagement and failure to disclose certain information relating to investments. Collins seeks both financial compensation and punitive damages for what he claims to be a breach of fiduciary duty by AMP Superannuation Ltd.

The legal issues the court was required to decide primarily involved whether AMP Superannuation Ltd owed a fiduciary duty to Collins and if so, whether this duty was breached, leading to the damages claimed. A secondary issue was whether there were sufficient grounds for the court to grant a stay of proceedings in light of related proceedings in the Supreme Court of New South Wales. The court was also tasked with determining the applicability of the "forum non conveniens" principle, considering that similar issues were being litigated elsewhere.

In its judgment, the court found that AMP Superannuation Ltd did indeed owe a fiduciary duty to Collins. The court meticulously examined the relationship between the parties, the nature of the investments in question, and the duties inherent to such relationships. It was determined that there were material breaches of this fiduciary duty, leading to the damages claimed by Collins. The court further held that the principles of "forum non conveniens" did not apply in this instance, as the matters were not being concurrently litigated in another court that would adequately address the issues. Therefore, the application for a stay of proceedings was declined, allowing Collins' claim to proceed in the Federal Court of Australia.

Orders

Orders of the court

1. The application for a stay of proceedings is declined.

Note:

Background

Background to the litigation

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Evidence

Evidence Before The Court

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Decision

Reasons for decision

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Ratio Decidendi

Legal Principle Established

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