Jameson v Professional Investment Services Pty Ltd

The appeal concerned a dispute between Jameson (the appellant) and Professional Investment Services Pty Ltd (the respondent) regarding financial services. The proceedings were brought in the Supreme Court of New South Wales.

The central legal issues before the court were whether the respondent had contravened provisions of the *Corporations Act 2001* (Cth) and the *Australian Securities and Investments Commission Act 2001* (Cth) concerning disclosure requirements, the issue of a proscribed interest in an unregistered scheme, and misleading or deceptive conduct. Additionally, the court considered whether the proceedings could be maintained as a representative proceeding under the Uniform Civil Procedure Rules 2005 (NSW), specifically regarding the definition of the group and the court's discretion to allow or disallow such proceedings.

The court allowed the appeal, setting aside earlier orders made by Young CJ in Eq and dismissing the respondent's interlocutory process. The court ordered that the respondent pay the appellant's costs of the appeal and the interlocutory process.