Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
La Trobe Capital & Mortgage Corporation Limited v Hay Property Consultants Pty Ltd [2011] FCAFC 4 Citation: La Trobe Capital & Mortgage Corporation Limited v Hay Property Consultants Pty Ltd [2011] FCAFC 4
Appeal from: La Trobe Capital & Mortgage Corporation Limited v Hay Property Consultants Pty Ltd [2010] FCA 250
Parties: LA TROBE CAPITAL & MORTGAGE CORPORATION LIMITED (ACN 007 332 363) v HAY PROPERTY CONSULTANTS PTY LTD (ACN 006 368 985)
File number: VID 210 of 2010
Judges: FINKELSTEIN, JACOBSON AND BESANKO JJ
Date of judgment: 19 January 2011
Catchwords: DAMAGES – measure of damages – respondent negligently valued land for purposes of a loan – if properly advised the appellant would have sought to make an alternative loan – causation – loss of a chance – standard of proof – calculation of loss – whether capital loss and income loss should be segregated EVIDENCE – opinion evidence – what constitutes opinion evidence
Legislation: Evidence Act 1995 (Cth) ss 56(2), 76, 78, 135 Trade Practices Act 1974 (Cth) s 82
Cases cited: Allied Maples Group Ltd v Simmons & Simmons [1995] 1 WLR 1602 Allstate Life Insurance Co v ANZ Banking Group Ltd (No 5) (1996) 64 FCR 73 Bank of Valletta PLC v National Crime Authority (1999) 90 FCR 565 Chaplin v Hicks [1911] 2 KB 786 Collaroy Services Beach Club Ltd v Haywood [2007] NSWCA 21 Connex Group Australia Pty Ltd v Butt [2004] NSWSC 379 Davies v Taylor [1974] AC 207 Erie County Natural Gas & Fuel Co Ltd v Carroll [1911] AC 105 Guide Dog Owners' & Friends' Association Inc v Guide Dog Association of New South Wales & ACT (1998) 154 ALR 527 Hadley v Baxendale (1854) 9 Exch 341; 156 ER 145 House v R (1936) 55 CLR 499 Hughes Aircraft Systems International v Airservices Australia (1997) 80 FCR 276 Hungerfords v Walker (1988) 171 CLR 125 I & L Securities Pty Ltd v HTW Valuers (Brisbane) Pty Ltd (2002) 210 CLR 109 JLW (Vic) Pty Ltd v Tsiloglou [1994] 1 VR 237 La Trobe Capital & Mortgage Corp Ltd v Hay Property Consultants Pty Ltd [2010] FCA 250 Lavarack v Woods of Colchester Ltd [1967] 1 QB 278 Makita (Aust) Pty Ltd v Sprowles (2001) 52 NSWLR 705 Malec v J C Hutton Pty Ltd (1990) 169 CLR 638 Mallett v McMonagle [1970] AC 166 President of India v Lips Maritime Corp [1988] AC 395 Ruthol Pty Ltd v Tricon (Australia) Pty Ltd (2005) 12 BPR 23,923 Sellars v Adelaide Petroleum NL (1994) 179 CLR 332 Seltsam Pty Ltd v McNeill [2006] NSWCA 158 Seven Network Ltd v News Ltd (No 8) (2005) 224 ALR 317 St George Bank Ltd v Quinerts Pty Ltd [2009] VSCA 245 Swingcastle Ltd v Gibson [1991] 2 AC 223 Waribay Pty Ltd v Minter Ellison [1991] 2 VR 391
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