Member register access: AXA v Direct Share Purchasing Corporation Pty Ltd

Last year I wrote about member register access in the context of activity by David Tweed and his associated companies including Direct Share Purchasing Corporation and National Exchange Pty Ltd.

In AXA Pacific Holdings Ltd and Anor v Direct Share Purchasing Corporation Pty Ltd, AXA sought to prevent Tweed’s company from using Axa’s register for an improper purpose.

The proceedings have been resolved by Direct Share Purchasing Corporation agreeing that it will not use or
disclose the information contained in the register of members of
AXA APH provided to
it in response to its request to AXA APH , unless the use or
disclosure of the information is relevant to the holding of the
interests recorded in the register or the exercise of the rights
attaching to them.

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