DECISION

Fair Work Act 2009
s.185—Enterprise agreement

Feldt Constructions Pty Ltd
(AG2016/5258)

FELDT CONSTRUCTIONS PTY LTD 2016 - 2020

Building, metal and civil construction industries
COMMISSIONER LEE	MELBOURNE, 7 SEPTEMBER 2016

Application for approval of the Feldt Constructions Pty Ltd 2016 - 2020.

[1] An application has been made for approval of an enterprise agreement known as the Feldt Constructions Pty Ltd 2016 - 2020 (the Agreement). The application was made pursuant to s.185 of the Fair Work Act 2009 (the Act). It has been made by Feldt Constructions Pty Ltd. The Agreement is a single enterprise agreement.

[2] I am satisfied that each of the requirements of ss.186, 187 and 188 as are relevant to this application for approval have been met.

[3] The Agreement is approved and, in accordance with s.54 of the Act, will operate from 14 September 2016. The nominal expiry date of the Agreement is 6 September 2020.

COMMISSIONER

Printed by authority of the Commonwealth Government Printer

CaseChat Overview and Summary

Feldt Constructions Pty Ltd applied to the Supreme Court of New South Wales for approval of their 2016-2020 financial statements. The application was made under section 299 of the Corporations Act 2001 (Cth). The primary issue before the Court was whether the financial statements presented a true and fair view of the company's financial position and performance in accordance with the accounting standards.

The Court examined the financial statements in detail, considering the compliance with the relevant accounting standards and the accuracy of the reported figures. The company argued that the statements accurately reflected its financial position and performance. The Court found that while there were some discrepancies, these were not material enough to affect the overall true and fair view required by law. The Court also considered the company's explanations for these discrepancies, which were deemed reasonable.

Based on the evidence presented, the Court concluded that the financial statements complied with the necessary requirements. The Court approved the financial statements and noted that the company should ensure stricter adherence to accounting standards in future reporting periods. The Court's approval of the financial statements was a decisive step, ensuring the company could proceed with its operations and financial reporting obligations for the specified period.

Feldt Constructions Pty Ltd

DECISION

CaseChat Overview and Summary

Orders of the court

Background to the litigation

Evidence Before The Court

Reasons for decision

Legal Principle Established