Mijac Investments Pty Ltd (ACN 084 820 280) v Graham (No 2) [2009] FCA 773

FEDERAL COURT OF AUSTRALIA

Mijac Investments Pty Ltd (ACN 084 820 280) v Graham (No 2) [2009] FCA 773

CORPORATIONS – duties of a "controller" under s 420A – whether duties breached – assignment of statutory cause of action

MORTGAGES – duties of mortgagee in possession – whether duties breached – adoption of proper process of sale – equitable and statutory remedies – assignment of cause of action and remedies available – taking account on wilful default

Corporations Act 2001 (Cth), Pt 5.2, ss 477 and 1400 Corporations Law, Pt 5.2 Corporate Law Reform Act 1992 (Cth) Property Law Act 1958 (Vic), ss 101 and 103

Allstate Life Insurance Co v ANZ Banking Group Ltd [1994] FCA 814 Artistic Builders Pty Ltd v Elliot & Tuthill (Mortgages) Pty Ltd (2002) 10 BPR 19,565 Australia and New Zealand Banking Group Ltd v Bangadilly Pastoral Co Pty Ltd (1978) 139 CLR 195 Australian Competition and Consumer Commission v Construction, Forestry, Mining and Energy Union [2007] FCA 1390 Barns v Queensland National Bank Ltd (1906) 3 CLR 925 Beatty v Brashs Pty Ltd [1998] 2 VR 201 Boston Commercial Services Pty Ltd v GE Capital Finance Australasia Pty Ltd (2006) 236 ALR 720 Brookfield v Davey Products Pty Ltd (1996) 14 ACLC 303 Collector of Customs v Pozzolanic Enterprises Pty Ltd (1993) 43 FCR 280 Combulk Pty Ltd v TNT Management Pty Ltd (1993) 41 FCR 59 Commercial and General Acceptance Ltd v Nixon (1981) 152 CLR 491 Commonwealth Bank of Australia v Hadfield (2001) 53 NSWLR 614 Edmunds v Pickering (No 3) (1999) 75 SASR 407 Emerald Securities Pty Ltd v Tee Zed Enterprises Pty Ltd (1981) 28 SASR 214 Farrar v Farrars Ltd (1888) 40 Ch D 395 Florgale Uniforms Pty Ltd (Receiver and Manager Appointed) (in liq) v Orders (2004) 11 VR 54 Fysh v Page (1956) 96 CLR 233 G and M v Armellin (2008) 219 FCR 359 GE Capital Australia v Davis (2002) 180 FLR 250 Goldcel Nominees Pty Ltd (Provisional Liquidator Appointed) v Network Finance Ltd [1983] 2 VR 257 Hall v Heward (1886) 32 Ch D 430 Hayes v Federal Commissioner of Taxation (1956) 96 CLR 47 Hinde v Blake (1841) 11 LJ Ch 26 Jad International Pty Ltd v International Trucks Australia Ltd (1994) 50 FCR 378 Jeogla Pty Ltd v Australian and New Zealand Banking Group Ltd (1999) 150 FLR 359 Kyuss Express Pty Ltd v Sellers (2001) 37 ACSR 62 Latec Investments Ltd v Hotel Terrigal Pty Ltd (in liq) (1965) 113 CLR 265 Legione v Hateley (1983) 152 CLR 406 Mayer v Murray (1878) 8 Ch D 424 Mijac Investments Pty Ltd v Graham [2009] FCA 303 Nolan v MBF Investments Pty Ltd [2009] VSC 244 Pacific Brand Sport & Leisure Pty Ltd v Underworks Pty Ltd (2006) 149 FCR 395 Park v Allied Mortgage Corporation Ltd [1993] ATPR (Digest) 46-105 Pearl Coast Divers Pty Ltd v Cossack Pearls Pty Ltd (2008) 249 ALR 591 Pendlebury v The Colonial Mutual Life Assurance Society Limited (1912) 13 CLR 676 Poulton v Commonwealth (1952) 89 CLR 540 Pritchard v Racecage Pty Ltd (1997) 72 FCR 203 Reader v Fried [2001] VSC 495 Re One.Tel Networks Holdings Pty Ltd (2001) 40 ACSR 83 Rickard Constructions Pty Ltd v Rickard Hails Moretti Pty Ltd (2004) 220 ALR 267 Shine v Williams [2007] WASCA 194 The Bell Group Ltd (in liq) v Westpac Banking Corporation [No 9] (2008) 225 FLR 1 Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd (2004) 219 CLR 165 Tosich v Tasman Investment Management Ltd (2008) 250 ALR 274 Trendtex Trading Corporation v Credit Suisse [1982] AC 679 TS & B Retail Systems Pty Ltd v 3Fold Resources Pty Ltd (No 3) (2007) 158 FCR 444 Tse Kwong Lam v Wong Chit Sen [1983] 1 WLR 1349 Ultimate Property Group Pty Ltd v Lord (2004) 60 NSWLR 646 Upton v Tasmanian Perpetual Trustees Ltd (2007) 158 FCR 118 UTSA Pty Ltd v Ultra Tune Australia Pty Ltd [1997] 1 VR 667