Remedies for oppressive conduct are available under Section 233 of the Corporations Act. Under this section, the court has discretion to grant a range of remedies. Specifically, Section 233 of the Corporations Actempowers the Court to make any order that it considers appropriate in relation to a company in circumstances where ‘the conduct of a company’s affairs is … contrary to the interests of the members as a whole or oppressive to, unfairly prejudicial to, or unfairly discriminatory against, a member or members whether in that capacity or in any other capacity.’
The power that the Court has includes (but is not limited to) to make orders:
that one or more of the majority shareholders purchase the minority shareholder’s shares at a price determined by the Court;
