As observed by Spigelman CJ inFexuto v Bosnjak Holdings[2001] NSWCA 97at [89]:

Irreconcilable differences between shareholders "do not of themselves constitute oppression or unfair prejudice."

With reference to the above, case law and statute as necessary, analyse:

1. the meaning of "oppression" in s 232 of the Corporations Act 2001 (Cth);
2. the types of circumstances in which oppression can occur; and
3. the distinction between the fraud on the minority remedy and the statutory oppression remedy.

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