MIS Funding No 1 Pty Ltd v Buckley [2013] VSC 607 (15 November 2013)

http://www.austlii.edu.au/au/cases/vic/VSC/2013/607.html

CORPORATIONS – unregistered managed investment scheme – no prospectus – information memorandum offering investment only to limited classes of investors – representations made by investor – funds loaned to invest in scheme – whether defendant a “professional investor” – meaning of “control” – Corporations Act 2001 (Cth), ss 9, 708(11) (as enacted in the Financial Services Reform Act 2001 (Cth)).