Kelrit Investments Pty Limited v Transform Composites Holdings Pty Limited [2003] FCA 662

FEDERAL COURT OF AUSTRALIA

Kelrit Investments Pty Limited v Transform Composites Holdings Pty Limited [2003] FCA 662 CONTRACT – oral representation to exercise lease option – reliance on offer – whether oral contract operated as variation of lease – conformity with writing requirements of s 23C and s 54A of Conveyancing Act 1919 (NSW) TRADE AND COMMERCE – Trade Practices Act 1974 (Cth) –conduct that is misleading or deceptive (s 52) – damages under s 82 - whether loss or damage suffered as a result of reliance on representation DAMAGES –inconsistent remedies

Conveyancing Act 1919 (NSW) ss 23C, 54A Trade Practices Acts 1974 (Cth) ss 52, 82 Fair Trading Act 1987 (NSW) s 42 Beaton v McDivitt (1987) 13 NSWLR 162 applied Tallerman & Co Pty Ltd v Nathan's Merchandise (Victoria) Pty Ltd (1957) 98 CLR 93 distinguished Baloglow v Konstanidis [2001] NSWCA 451 applied Commissioner of Taxes (Queensland) v Camphin (1937) 57 CLR 127 referred to Walton Stores (Interstate) Ltd v Maher (1988) 164 CLR 387 referred to Austotel Pty Ltd v Franklins Selfserve Pty Ltd (1989) 16 NSWLR 582 referred to Port of Melbourne Authority v Anshun Pty Ltd (1981) 147 CLR 35 applied Tang Man Sit v Capacious Investments Ltd [1996] AC 514 applied Marks v GIO Australia Holdings Pty Ltd (1998) 96 CLR 494 applied Mason et al, Restitution Law in Australia (1995) Goff et al, The Law of Restitution (6th ed, 2002) Robertson, 'The Statute of Frauds, Equitable Estoppel and the Need for "Something More"' (2003) 19 Jo Contract L 173.

KELRIT INVESTMENTS PTY LIMITED ACN 002 623 065 v TRANSFORM COMPOSITES HOLDINGS PTY LIMITED ACN 066 929 158, RALPH ASQUITH, BRIAN NESS N613 of 2001 FINN J 3 JULY 2003 CANBERRA (HEARD IN SYDNEY)

IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY N613 OF 2001

BETWEEN: KELRIT INVESTMENTS PTY LIMITED