Reid v Commonwealth Bank of Australia [2021] NSWDC 225

District Court New South Wales

Medium Neutral Citation: Reid v Commonwealth Bank of Australia [2021] NSWDC 225 Hearing dates: 26 May 2021 Date of orders: 27 May 2021 Decision date: 27 May 2021 Jurisdiction: Civil Before: Abadee DCJ Decision: See paragraphs 96, 97, and 98 Catchwords: CONTRACT – deed of settlement – compromise of multiple legal proceedings involving company debtors and guarantors and creditor – construction of release – applicability of Grant v John Grant equitable doctrine CONSUMER LAW – credit contract – National Credit Code – standing requirement in application to re-open contract PRACTICE AND PROCEDURE – summary dismissal application Legislation Cited: Australian Securities and Investments Commission Act 2001 (Cth) ss 12CB, 12DA, 12GF, 12GM Civil Procedure Act 2005 (NSW) Competition and Consumer Act 2010 (Cth) Sch 1 – Australian Consumer Law Contracts Review Act 1980 (NSW) National Consumer Credit Protection Act 2009 (Cth) Sch 1 - National Credit Code ss 13, 76, 77, 187, 204 Uniform Civil Procedure Rules 2005 (NSW) rr 13.4, 14.14 Cases Cited: Agar v Hyde (2000) 201 CLR 552 Baltic Shipping Co v Dillon (1993) 176 CLR 344 Commercial Union Assurance Co of Australia Ltd v Ferrcom Pty Ltd (1991) 22 NSWLR 389 Doggett v Sullivan (2015) 47 VR 302 General Steel Industries Inc v Commissioner for Railways (NSW) (1964) 112 CLR 125 Grant v John Grant & Sons Pty Ltd (1954) 91 CLR 112 Hillebrand v Penrith Council [2000] NSWSC 1058 Keydata Corporation Ltd v Burencar Pty Ltd (in liq) [1992] NSWCA 288 Mann v Paterson Constructions Pty Ltd [2019] HCA 32 NRMA Insurance Ltd v AW Edwards (1995) 11 BCL 200 O'Brien v Bank of Western Australia Ltd [2013] NSWCA 71 Oates v Consolidated Capital Services Ltd (2009) 76 NSWLR 69 Palindrome Holdings Pty Ltd v Wass [2009] NSWSC 797 Renouf v RAC Finance Ltd (No.2) [2018] FCCA 182 Roxborough v Rothmans of Pall Mall (2001) 208 CLR 516 Sarina v Fairfax Media Publications Pty Ltd [2018] FCAFC 190 Texts Cited: Hamilton & Ors, New South Wales Civil Procedure Handbook (2020, Thomson Reuters) Ritchie's Uniform Civil Procedure Herzfield & Prince, Interpretation (2020, Thomson Reuters) Category: Procedural rulings Parties: Colin Reid (plaintiff/respondent) Commonwealth Bank of Australia (defendant/applicant) Representation: Counsel: Mr P King for the plaintiff/respondent Mr P Jammy for the defendant/respondent