Sweetman, K.I. & Ors v Australian Thoroughbred Finance Pty Ltd & Ors [1995] FCA 409

CATCHWORDS

PARTNERSHIP - whether a horse breeding syndicate constituted a partnership - distinction between "partnership" and "venture". PROCEDURE - application to amend pleadings at a late stage when the proceedings were ready for hearing - whether allowance of the amendments would be unjust - whether the substantive issue raised by the amendments is reasonably arguable - whether it would be unconscionable for the party to raise the claims contained in the amendments. Commonwealth v Verwayen (1990) 170 CLR 394 Income Tax Assessment Act 1936 (Cth) - s.6(1) KENNETH IRWAN SWEETMAN, LAURENCE VICTOR CLARK RAY ALEXANDER RUSSELL, HENRY EGGERS PETER ALLAN SIMPSON, BARRY MARTIN POLINSKY KRIS GEOK KHOON TAN, BARBARA ANNE ROBINSON-TAN ELLISON EDWARD BENNETT, NORMA JUNE BENNETT HENRY MILTON BAILEY, MARK WILLIAM HALLET JAMES BERESFORD LOEL v AUSTRALIAN THOROUGHBRED FINANCE PTY LIMITED, MORTGAGE ACCEPTANCE NOMINEES LIMITED and OTHERS and RODERICK STUART McDONALD, JARPAN MANAGEMENT SERVICES PTY LIMITED, BRIAN KING and NSW BLOODSTOCK PTY LIMITED No G 504 of 1991 Davies J. 19 June 1995 Sydney

IN THE FEDERAL COURT OF AUSTRALIA ) ) NEW SOUTH WALES DISTRICT REGISTRY ) No G 504 of 1991 ) GENERAL DIVISION ) BETWEEN: KENNETH IRWAN SWEETMAN LAURENCE VICTOR CLARK RAY ALEXANDER RUSSELL HENRY EGGERS PETER ALLAN SIMPSON BARRY MARTIN POLINSKY KRIS GEOK KHOON TAN BARBARA ANNE ROBINSON-TAN ELLISON EDWARD BENNETT NORMA JUNE BENNETT HENRY MILTON BAILEY MARK WILLIAM HALLET JAMES BERESFORD LOEL Applicants AND: AUSTRALIAN THOROUGHBRED FINANCE PTY LIMITED First Respondent MORTGAGE ACCEPTANCE NOMINEES LIMITED and OTHERS Second Respondent RODERICK STUART McDONALD Third Respondent GREG FARROW Fourth Respondent JARPAN MANAGEMENT SERVICES PTY LIMITED Fifth Respondent