ACN 002 402 146 Pty Ltd (manager appointed) (in liq) (formerly known as Tome Bros Pty Ltd) v Ken Crossman & Co Pty Ltd [2023] FCAFC 35

Federal Court of Australia

ACN 002 402 146 Pty Ltd (manager appointed) (in liq) (formerly known as Tome Bros Pty Ltd) v Ken Crossman & Co Pty Ltd [2023] FCAFC 35 Appeal from: ACN 002 402 146 Pty Ltd (manager appointed) (in liq) (formerly known as Tome Bros Pty Ltd) v Ken Crossman & Co Pty Ltd [2022] FCA 749

File number(s): NSD 556 of 2022

Judgment of: MARKOVIC, ANDERSON AND MCELWAINE JJ

Date of judgment: 10 March 2023

Catchwords: CONSUMER LAW – appeal from a decision of a single judge – statutory subrogation – whether s 177(3) of the Property, Stock and Business Agents Act 2002 (NSW) confers an independent, separate cause of action against a licensee to recover a statutory debt or a legal chose in action – appeal dismissed

Legislation: Trade Practices Act 1974 (Cth) ss 52, 82, 87 Property, Stock and Business Agents Act 1941 (NSW) Property, Stock and Business Agents Act 2002 (NSW) Part 10, ss 165, 166, 167, 170, 171, 173, 174, 175, 177, 178, 180 Real Property Act 1900 (NSW) s 133

Cases cited: ACN 002 402 146 Pty Ltd (manager appointed) (in liq) (formerly known as Tome Bros Pty Ltd) v Ken Crossman & Co Pty Ltd [2022] FCA 749 Australasian Conference Association Ltd v Mainline Constructions Pty Ltd (in liquidation) (1978) 141 CLR 335 Badenach v Calvert (2016) 257 CLR 440; [2016] HCA 18 Chowder Bay Pty Ltd v Paganin [2018] FCAFC 25 Commissioner of Stamps (WA) v West Australian Trustee, Executor and Agency Co Ltd (1925) 36 CLR 98 Coulton v Holcombe (1986) 162 CLR 1 Hunt & Hunt Lawyers (a firm) v Mitchell Morgan Nominees Pty Ltd (2013) 247 CLR 613; [2013] HCA 10 Janssen-Cilag Pty Ltd v Pfizer Pty Ltd (1992) 37 FCR 526 King v Yurisich (2006) 153 FCR 78; [2006] FCAFC 136 Marks v GIO Australia Holdings Ltd (1998) 196 CLR 494 New South Wales Land and Housing Corporation v Quinn [2016] NSWCA 338 Re Dawson (deceased); Union Fidelity Trustee Co Ltd v Perpetual Trustee Co Ltd [1966] 2 NSWR 211 Registrar-General of New South Wales v LawCover Insurance Pty Ltd [2014] NSWCA 241 Registrar-General v Gill (1994) 17 BPR 33,709 Travel Compensation Fund v Tambree (2005) 224 CLR 627; [2005] HCA 69 Travel Compensation Fund v Travel Guide Pty Ltd (in liquidation) (1997) 72 FCR 371 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2002] HCA 15