Shirley Partners Pty Ltd & Ors v Westpac Banking Corporation [1997] FCA 307

CATCHWORDS MISRESPRESENTATION - Whether conduct of bank misleading and deceptive NEGLIGENCE - Whether bank's conduct negligent - whether bank owed duty of care to customers Trade Practices Act 1974 (Cth) ss 51A, 52, 82, 87 Contracts Review Act 1980 (NSW) ss 7 SHIRLEY PARTNERS PTY LIMITED (ACN 000 792 370) & ORS v. WESTPAC BANKING CORPORATION (ARBN 007 457 141) No. 809 of 1994 EMMETT J SYDNEY 2 MAY 1997

IN THE FEDERAL COURT OF AUSTRALIA ) ) NEW SOUTH WALES DISTRICT REGISTRY )No. NG 809 of 1994 ) GENERAL DIVISION )

BETWEEN: SHIRLEY PARTNERS PTY LIMITED (ACN 000 792 370) First Applicant EDWINA-LOUISE SECURITIES PTY LIMITED (ACN 001 224 728) Second Applicant INTEGRATED SUPPORT SYSTEMS PTY LTD (ACN 003 532 929) Third Applicant ANDREW FRANCIS SHIRLEY Fourth Applicant DIANNE CHRISTINE SHIRLEY Fifth Applicant AND: WESTPAC BANKING CORPORATION (ARBN 007 457 141) Respondent

CORAM: EMMETT J PLACE: SYDNEY DATED: 2 MAY 1997

MINUTE OF ORDERS THE COURT ORDERS THAT: 1. The application be dismissed.

2. The applicants pay the respondent's costs.

NOTE: Settlement and entry of orders is dealt with in accordance with Order 36 of the Federal Court Rules.

IN THE FEDERAL COURT OF AUSTRALIA ) ) NEW SOUTH WALES DISTRICT REGISTRY )No. NG 809 of 1994 ) GENERAL DIVISION )

BETWEEN: SHIRLEY PARTNERS PTY LIMITED (ACN 000 792 370) First Applicant EDWINA-LOUISE SECURITIES PTY LIMITED (ACN 001 224 728) Second Applicant INTEGRATED SUPPORT SYSTEMS PTY LTD (ACN 003 532 929) Third Applicant ANDREW FRANCIS SHIRLEY Fourth Applicant DIANNE CHRISTINE SHIRLEY Fifth Applicant AND: WESTPAC BANKING CORPORATION (ARBN 007 457 141) Respondent