Bell & Berg v Macquarie Bank Limited and Anor [2003] NSWIRComm 21

Industrial Relations Commission of New South Wales in Court Session

CITATION : Bell & Berg v Macquarie Bank Limited and Anor [2003] NSWIRComm 21 Matter Number IRC 6973 of 1997 _________________________________

MICHAEL CHARLES BELL Applicant

MACQUARIE BANK LIMITED (ACN 008 583 542) First Respondent

MACQUARIE INTERNATIONAL CAPITAL MARKETS LIMITED Second Respondent PARTIES : Matter Number IRC 6974 of 1997 _________________________________

CHARLES JOSEPH BERG Applicant

MACQUARIE BANK LIMITED (ACN 008 583 542) First Respondent

MACQUARIE INTERNATIONAL CAPITAL MARKETS LIMITED Second Respondent FILE NUMBER: IRC 6973 and 6974 of 1997 CORAM: Schmidt J CATCHWORDS : Costs - Extension of time sought by respondents for their costs application not necessary - Calderbank offers - Application by respondents for indemnity costs from date of Calderbank offer - Application by respondents for party/party costs up until the date of the Calderbank offer - Applicants unreasonably refused offers - Nature of indemnity costs order - Orders sought by respondents granted - Stay of costs order granted LEGISLATION CITED : Evidence Act 1995 Alexander v Cambridge Credit Corporation Limited (1985) 2 NSWLR 685 Ballard v Incoll Management (No 2) [2001] NSWIRComm 217 Black v Lipovac [1998] FCA (4 June 1998) Cavacuitti & Anor v XTMCA Ltd (Toyota Motor Corporation Australia Pty Ltd) (No 2) [2002] NSWIRComm 224 Coshott v Learoyd [1999] FCA 276 CASES CITED : Elyard Corporation Pty Limited v DDB Needham Sydney Pty Ltd (1995) 133 ALR 206 FAI General Insurance Co Limited v Southern Cross Exploration NL & Ors (1988) 165 CLR 268 Hairman v FileNET Corporation Pty Limited [2002] NSWIRComm 76 McEwan & Ors v AIDC Limited & Ors [2000] NSWIRComm 68 Multicon Engineering Pty Ltd v Federal Airports Corporation (1996) 138 ALR 425 National Australia Bank v Cassino [2002] NSWIRComm 241 Oshlack v Richmond River Council (1998) 193 CLR 72 HEARING DATES: 02/03/2003 DATE OF JUDGMENT: 02/13/2003