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Australian Securities and Investments Commission v Letten (No 25) [2016] FCA 1127

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CORPORATIONS - unregistered managed investment schemes - entitlement of receivers to remuneration - reasonable remuneration and reasonable costs and expenses - approval of remuneration by Registrar - primary judge's review of decision of Registrar - appeal from that review - evaluative judgment - concept of proportionality - grounds of appeal upheld in part - application for review remitted for rehearing - whether reductions on remuneration and disbursements claimed are justified

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