Kylsilver Pty Ltd v One Australia Pty Ltd [2001] NSWSC 226

(2001) 10 BPR 18,543 Reported Decision : [2001] ANZ ConvR 362 (2001) NSW ConvR 55-971

New South Wales Supreme Court

CITATION : Kylsilver Pty Ltd v One Australia Pty Ltd [2001] NSWSC 226 revised - 24/05/2002 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 2274/00 HEARING DATE(S) : 24 & 25 October and 3 November 2000 JUDGMENT DATE : 29 March 2001

Kylsilver Pty Ltd (P & XD) PARTIES : One Australia Pty Limited (1D & XC) James Kenneth Sayer (2D) Emily Sayer (3D) JUDGMENT OF : Hamilton J

COUNSEL : P B Walsh (P & XD) R J Weber (1-3D & XC) SOLICITORS : Sunman & Walker (P & XD) Champion Legal (1-3D & XC) CATCHWORDS : CONVEYANCING [76] - Relationship of vendor and purchaser - Breach of contract - Deposit - Recovery of deposit - Statutory power to order - Whether power may be exercised in respect of deposit not actually paid - Whether all claims in the proceedings must in all circumstances be determined before exercise of discretionary statutory power - Circumstances in which order made. LEGISLATION CITED : Conveyancing Act 1919 s 55(2A) Baynard Pty Ltd v BRDG Holdings Pty Ltd (1998) 9 BPR 16,991 Clarke v Dilberovic (1982) NSW ConvR par 55-083 Delgado v Walker Developments Pty Limited (1989) NSW ConvR par 55-497 Eighth SRJ Pty Ltd v Merity (1997) 7 BPR 15,189 Lucas & Tait (Investments) Pty Ltd v Victoria Securities Ltd [1973] 2 NSWLR 268 CASES CITED : Mallett v Jones [1959] VR 122 Maralinga Pty Ltd v Major Enterprises Pty Ltd (1973) 128 CLR 336 Maralinga Pty Ltd v Major Enterprises Pty Ltd [1972] 2 NSWLR 101 Socratous v Koo (1993) NSW ConvR 55-685 Terry v Permanent Trustee Australia Ltd (1995) 6 BPR 14,091 Butt, The Standard Contract for Sale of Land in New South Wales (2nd Ed, 1998) [9.105], [9.121] DECISION : Deposits should be returned.