Vero Lenders v Taylor Byrne Pty Limited [2006] FCA 1430

FEDERAL COURT OF AUSTRALIA

Vero Lenders v Taylor Byrne Pty Limited [2006] FCA 1430

TRADE PRACTICES – INSURANCE – action for damages pursuant to s 82 of the Trade Practices Act 1974 (Cth) and compensation pursuant to s 87 arising out of a contended failure on the part of the Respondents to disclose in a valuation relied upon by a mortgage insurer, features of the improvements to a property said to constitute unusual features, an unusual design or an unusual configuration of the improvements – consideration of the Australian Property Institute (API) Residential Valuation and Security Assessment Pro-forma Valuation Instrument and Supporting Memorandum – consideration of a claim for negligence by the Applicant mortgage insurer against the valuer.

Trade Practices Act 1974 (Cth) CLERP Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 Law Reform Act 1995 (Qld)

Caltex Oil (Australia) Pty Ltd v The Dredge Willemstad (1976) 136 CLR 529 White v Jones [1995] 2 AC 207 Perre v Apand (1999) 198 CLR 180 Kenny & Good Pty Ltd v MGICA (1992) Ltd (1999) 199 CLR 413 Nocton v Lord Ashburton [1914] AC 932 Hedley Byrne & Co. Ltd v Heller & Partners Ltd [1964] AC 465 Interchase Corporation Limited (in liq) v Grosvenor Hill (Queensland) Pty Ltd (No. 3) (2003) 1 Qd.R 26 Hill v Van Erp (1997) 188 CLR 159 Morris v C W Martin & Sons Ltd [1966] 1 QB 716 State of New South Wales v Lepore & Anor (2003) 212 CLR 511 The Koursk (1924) 18 Ll L Rep 153 Credit Lyonnais v ECGD (1998) 1 Ll L Rep 19 Thompson v Australian Capital Television Pty Ltd (1996) 186 CLR 574 Evans Deacon Pty Ltd v Sebel Furniture Pty Ltd [2003] FCA 171 H G v The Queen (1999) 197 CLR 414 Qantas Airways Limited [2004] ACompT 9 I & L Securities Pty Ltd v HTW Valuers (Brisbane) Pty Ltd (2002) 210 CLR 109

VERO LENDERS MORTGAGE INSURANCE LIMITED v TAYLOR BYRNE PTY LIMITED & DAVID JAMES DUFFIELD QUD90 OF 2004