Bazza Investments Pty Ltd v Innovation Management Pty Ltd & Ors [1995] FCA 823

CATCHWORDS MISLEADING AND DECEPTIVE CONDUCT - written and oral representations and projections - representations materially false - effect of a disclaimer in written document - time at which applicants ceased to rely on representations. INDEMNITY AND CONTRIBUTION - second respondent relied on third and fourth respondent - justified in trusting their judgment and advice - entitled to indemnity. PROCEDURE - application for leave to issue cross-claim - lateness of application - stranger to contract of insurance proposing to seek declaration against insurer - application refused. Insurance Contracts Act 1984 (Cth) Bankruptcy Act 1966 (Cth) Judiciary Act 1903 (Cth) Federal Court of Australia Act 1976 (Cth) Trade Practices Act 1974 (Cth) Fair Trading Act 1987 (SA) Misrepresentation Act 1972 (SA) The Companies (South Australia) Code 1989 J N Taylor Holdings Ltd (in liquidation) v Bond (1993) 59 SASR 432 Trident General Insurance Co Ltd v McNeice Bros Pty Ltd (1988) 165 CLR 107 Gould v Vaggelas (1985) 157 CLR 215 Spreag v Paeson Pty Ltd (1990) 94 ALR 679 Clark Equipment Australia Ltd v Covcat Pty Ltd (1987) 71 ALR 367 Benlist Pty Ltd v Olivetti Australia Pty Ltd (1990) ATPR 41- 043 Yorke v Lucas (1985) 158 CLR 661 Cummings v Lewis (1993) 41 FCR 559 Sebastian Properties Pty Ltd v Minister Administering the Environmental Planning and Assessment Act 1979 (1986) 162 CLR 340 Parkdale Custom Built Furniture Pty Ltd v Puxu Pty Ltd (1982) 149 CLR 191 Fraser v NRMA Holdings Ltd (1995) 127 ALR 543 Gardam v George Wills & Co Ltd (1988) 82 ALR 415 Netaf Pty Ltd v Bikane Pty Ltd (1990) 92 ALR 490 Smallacombe v Lockyer Investment Co Pty Ltd (1993) 42 FCR 97

No. SG 15 of 1994 BAZZA INVESTMENTS PTY LTD and DAVID JOHN BARRATT Applicants - and - INNOVATION MANAGEMENT PTY LTD, JOHN DONALD STIRLING TAYLOR, KARL MARTIN DE PORTEOUS, and MICHAEL LAWTON HARRINGTON SOUTH Respondents O'LOUGHLIN J. ADELAIDE 13 OCTOBER 1995