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Australian Competition and Consumer Commission v Cornerstone Investment Aust Pty Ltd (in liq) (No 3) [2017] FCA 749

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CORPORATIONS - application for leave to proceed against a company in liquidation pursuant to s 500 of the Corporations Act 2001 (Cth) - proceedings alleging misleading or deceptive conduct, unconscionable conduct and making of false and misleading representations in breach of Australian Consumer Law against vocational education provider - proceeding alleging unconscionable "system of conduct" under s 21 of the Australian Consumer Law - whether public interest met by potential outcomes in materially similar proceedings - where some relief sought not available through proof of debt process - where relief sought includes refund of substantial monies paid from public revenue - where relief sought affects interests and potential liabilities of numerous third parties - leave granted

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