[extract] This article examines the potential for interrelationship and interaction between the remedy in cases of oppression or injustice - commonly referred to as the oppression remedy - and the proposed statutory derivative action.
The oppression remedy has been a part of Australian statutes since the 1958 Companies Act, having been imported from the UK. The statutory derivative action has not yet found its way into Australian statutes. At the time of writing, the draft of the proposed provisions is a matter for public comment.
McDonough, Darryl D.
"Proposed New Statutory Derivative Action - Does it go far Enough?,"
Bond Law Review:
1, Article 3.
Available at: http://epublications.bond.edu.au/blr/vol8/iss1/3