NSW Caselaw
Reported Decision : 40 ACSR 124 (2002) 20 ACLC 416
New South Wales Supreme Court
CITATION : INVESTA PROPERTIES [2001] NSWSC 1089 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 5447/01 HEARING DATE(S) : 19/11/01 JUDGMENT DATE : 28 November 2001
PARTIES : Investa Properties Limited - First Plaintiff Westpac Property Funds Management Limited - Second Plaintiff JUDGMENT OF : Barrett J
COUNSEL : Mr D.J. Hammerschlag SC - Plaintiffs SOLICITORS : Freehills - Plaintiffs CATCHWORDS : CORPORATIONS - managed investment schemes - appointment of first responsible entity - subsequent appointment of new responsible entity - effect of appointment on ownership of scheme property - CORPORATIONS - corporate finance - registration of charges - extension of time for lodgment of particulars - rectification of Australian Register of Company Charges - delays and error by solicitors - EQUITY - trusts and trustees - application for relief by responsible entity of managed investment scheme - reasonable reliance on solicitors Trustee Act 1925 Companies Act 1981 LEGISLATION CITED : Corporations Law Bank Integration Act 1991 (Cth) Managed Investments Act 1998 (Cth) Corporations Act 2001 Campbell Finance Ltd v Vivstan Packaging (Aust) Pty Ltd (1996) 22 ACSR 109 Citibank Ltd v Linput Pty Ltd (1991) 5 ACSR 361 Re Drum Reconditioners (NSW) Pty Ltd (1992) 7 ACSR 82 Re Guardian Securities Ltd [1984] 1 NSWLR 95 Hamilton v Property Investments Pty Ltd [1983] WAR 317 Re Homemaker Retail Management Ltd [2001] NSWSC 1058 CASES CITED : Re a Limited Company (1928) 28 SR (NSW) 364 Re Mirvac Ltd (1999) 32 ACSR 107 Morris v Woodings (1997) 25 ACSR 636 MTM Funds Management Ltd v Cavalane Holdings Pty Ltd (2000) 45 ACSR 440 Perpetual Trustee Co v Watson (No 2) (1927) 28 SR (NSW) 43 Rynmarc Pty Ltd v Classic Ergonomic Chairs Pty Ltd (1994) 12 ACLC 1038 Sanwa Australia Finance Ltd v Ground-Breakers Pty Ltd (1990) 2 ACSR 692 Tamone v How Fast Pty Ltd [1999] NSWSC 570 DECISION : Refer paragraph 44
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