Federal Court of Australia
FEDERAL COURT OF AUSTRALIA De Santis v Aravanis [2014] FCA 1243 Citation: De Santis v Aravanis [2014] FCA 1243
Appeal from: De Santis & De Santis [2012] FMCAfam 866
Parties: LORRAINE JUNE DE SANTIS v ANDREW ARAVANIS and GEOFFREY PETER DE SANTIS
File number: NSD 1658 of 2012
Judge: FARRELL J
Date of judgment: 21 November 2014
Catchwords: BANKRUPTCY – after-acquired property – bankrupt trustee of express trust – bankrupt entitled to indemnification from trust assets for payments on mortgage – time at which right of indemnity arose – nature of interest in trust property – whether right of indemnity vested in trustee in bankruptcy – payments made on mortgage by bankrupt with after-acquired income – whether proprietary interests after-acquired property – bankrupt also engaged in conduct in breach of trust – clear accounts rule TRUSTS – whether trust agreement was a sham – intention of parties entering into trust agreement – whether subsequent behaviour inconsistent with existence of trust – "emerging sham" – whether renunciation of interest required
Legislation: Bankruptcy Act 1966 (Cth) Family Law Act 1975 (Cth)
Cases cited: Adsett v Berlouis (1992) 37 FCR 201 Agusta Pty Ltd v Provident Capital Ltd [2012] NSWCA 26 Australian Securities and Investments Commission v Letten (No 17) (2011) 286 ALR 346 Barwick v Goodridge [2011] NSWSC 1233 Baumgartner v Baumgartner (1987) 76 ALR 75 Chief Commissioner of Stamp Duties for New South Wales v Buckle (1998) 192 CLR 226 Coates v McInerney (1992) 7 WAR 537 Coulton v Holcome (1986) 162 CLR 1 De Santis & De Santis [2012] FMCAfam 866 De Santis v Aravanis (No 2) [2012] FMCAfam 1488 Dimos v Dikeakos Nominees Pty Ltd (1996) 68 FCR 39 Equuscorp Pty Ltd v Glengallan Investments Pty Ltd (2004) 218 CLR 471 Re Condon; Ex parte James (1874) LR 9 Ch App 609 Ferella v Official Trustee in Bankruptcy (No 2) [2011] FCA 619 Jennings v Mather [1902] 1 KB 1 Keach v Keach [2011] FamCA 192 Kitson v Hardwick (1872) LR 7 CP 473 Lemery Holdings Pty Ltd v Reliance Financial Services Pty Ltd (2008) 74 NSWLR 550 Lewis v Condon (2013) 85 NSWLR 99 Meriton Apartments Pty Ltd v Industrial Court of New South Wales (2008) 171 FCR 380 Metwally v University of Wollongong (1985) 60 ALR 68 Octavo Investments Pty Ltd v Knight (1979) 144 CLR 360 Official Assignee of O'Neill v O'Neill (1898) 16 NZLR 628 Raftland Pty Ltd v Federal Commissioner of Taxation (2008) 238 CLR 516 Re Gillies; Ex parte Official Trustee In Bankruptcy v Gillies (1993) 42 FCR 571 Re Reynolds; Official Assignee v Wilson [2008] BCL 585 Re Suco Gold Pty Ltd (In liq) (1983) 33 SASR 99 Rodway v White (2009) 233 FLR 262 Savage v Union Bank of Australia Ltd (1906) 3 CLR 1170 Sharrment Pty Ltd v Official Trustee in Bankruptcy (1988) 18 FCR 449 Sheahan v O'Brien [2002] FMCA 25 Snook v London & West Riding Investments Ltd [1967] 2 QB 786 Southern Wine Corporation Pty Ltd (In liq) v Frankland River Olive Co Ltd (2005) 31 WAR 162 Suttor v Gundowda Pty Ltd (1950) 81 CLR 418 Tapp v LawCover Insurance Pty Ltd [2013] FCA 35 Trim Perfect Australia Pty Ltd (In liq) v Albrook Constructions Pty Ltd [2006] NSWSC 153 West v Mead [2003] NSWSC 161 Whisprun Pty Ltd v Dixon (2003) 200 ALR 447 Xebec Pty Ltd (In liq) v Enthe Pty Ltd (1987) 87 ATC 4570
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