King v Nguyen [2021] NSWDC 495

District Court New South Wales

Medium Neutral Citation: King v Nguyen [2021] NSWDC 495 Hearing dates: 15, 16 September 2021 Date of orders: 22 September 2021 Decision date: 22 September 2021 Jurisdiction: Civil Before: Gibson DCJ Decision: Order: (1) Judgment for the plaintiff for $156,711.60. (2) Costs reserved, with liberty to apply. (3) Exhibits retained until further order. Catchwords: Contracts – National Credit Code – loan sought for, and used for, business purposes – whether the National Credit Code applied notwithstanding the obtaining and using of the loan for business purposes Legislation Cited: Civil Procedure Act 2005 (NSW) s 22 National Consumer Credit Protection Act 2009 (Cth) ss 4, 5, 13, 17(3) – (6), 17(9), 18(8), 32AA(2) and 180 National Consumer Credit Protection Regulation 2010 (Cth) r 68 Cases Cited: Bank of Queensland v Dutta [2010] NSWSC 574 Integrated Securities No 3 Pty Ltd v Creatrix Web Development & Online Marketing Solutions Pty Ltd [2021] NSWSC 596 Lauvan Pty Limited & Anor v Bega & Ors [2018] NSWSC 154 Lewis v Condon; Condon v Lewis [2013] NSWCA 204 Pearl Marin Shipping A/B v Pietro Cingolani SAS, The General Valdes [1981] 1 Lloyd's Rep 170 Perpetual Trustees Victoria Limited V Bianka Monas [2011] NSWSC 57 Sapphire (SA) Pty Ltd (trading as River City Grain) v Barry Smith Grains Pty Ltd (in liq) [2011] NSWSC 1451 Shakespeare Haney Securities Limited v Crawford [2009] QCA 85 Muir JA Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd (2004) 219 CLR 165 Category: Principal judgment Parties: Plaintiff: Trevor William King Defendant: Chi Thanh Nguyen Representation: Counsel: Plaintiff: Mr J Doyle