SANYO AUSTRALIA PTY LTD & ANOR v COMPONERE INFORMATIONS SYSTEMS PTY LTD [1999] NSWCA 389

New South Wales Court of Appeal CITATION : SANYO AUSTRALIA PTY LTD & ANOR v COMPONERE INFORMATIONS SYSTEMS PTY LTD [1999] NSWCA 389 FILE NUMBER(S) : CA 40762/97 HEARING DATE(S) : 21 September 1999 JUDGMENT DATE : 25 October 1999

Sanyo Australia Pty Ltd - First Appellant PARTIES : Peter Rodgers - Second Appellant Componere Information Systems Pty Ltd - Respondent JUDGMENT OF : Spigelman CJ at 1; Priestley JA at 2; Sheller JA at 3

LOWER COURT JURISDICTION : Supreme Court - Equity Division LOWER COURT FILE NUMBER(S) : 2120/97 LOWER COURT JUDICIAL OFFICER : Hamilton J

M Ashhurst/J Conomy - Appellants COUNSEL : D P Robinson/P Carr - Respondent

SOLICITORS : Geoffrey Cantelo - Appellants Cunich Lawyers - Respondent CATCHWORDS : EQUITY - deed of equitable mortgage - floating charge - default - appointment of receiver under charge - whether appointment invalid because receiver was appointed as agent of mortgagor- appointment valid ACTS CITED : Supreme Court Act 1970 Canberra Advance Bank Limited v Benny (1992) 9 ACSR 179 Harold Meggitt Limited v Discount & Finance Limited (1938) 56 WN (NSW) 23 Kendle v Melsom (1998) 193 CLR 46 Kerry Lowe Management Pty Ltd v Isherwood & Sherlock (1989) 15 ACLR 615 CASES CITED: McMahon v State Bank of New South Wales (1990) 8 ACLC 315 Melsom v Velcrete Pty Limited (1995) 13 ACLC 799 National Australia Bank Limited v Zollo (1995) 64 SASR 63 NEC Informations Systems Australia Pty Ltd v Lockhart (1991) 22 NSWLR 518 Terry Clark & Associates Pty Limited v Carez Nominees Pty Limited (1994) 13 ACSR 314 DECISION : Appeal allowed