Provident Capital Ltd v Zone Developments Pty Ltd [2001] NSWSC 843

Reported Decision : (2002) NSW ConvR 56-003

New South Wales Supreme Court

CITATION : Provident Capital Ltd v Zone Developments Pty Ltd [2001] NSWSC 843 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 4091/01 HEARING DATE(S) : 30/08/01 and 04/09/01 JUDGMENT DATE : 5 September 2001

Provident Capital Ltd (P1) PARTIES : Miranda & Norris Pty Ltd (P2) Zone Developments Pty Ltd (D) JUDGMENT OF : Young CJ in Eq

COUNSEL : R Angyal (P) L J Aitken (D) SOLICITORS : The Argyle Partnership (P) Blake Dawson Waldron (D) CATCHWORDS : EQUITY [151]- Trusts- Trading trust- Trustee as lessee- Extent of liability. LANDLORD & TENANT [43]- Covenants- Assignment- What is withholding of consent- Proposed assignment to X as trustee of Y discretionary trust- Factors involved. WORDS & PHRASES- "Withhold". Boag v Ross (1922) 22 SR (NSW) 247 Colvin v Bowen (1958) 75 WN (NSW) 262 Costain International Ltd v Attorney General (1983) 23 BLR 54 A E Farr Ltd v Ministry of Transport [1960] 1 WLR 956 Head v Kelk (1963) 63 SR (NSW) 340 International Drilling Fluids Ltd v Louisville Investments (Uxbridge) Ltd [1986] Ch 513 CASES CITED : Lewis & Allenby (1909) Ltd v Pegge [1914] 1 Ch 782 McLean v Burns Philp Trustee Co Pty Ltd (1985) 2 NSWLR 623 Muir v City of Glasgow Bank (1879) 4 App Cas 337 Omar Parks Ltd v Elkington (1992) 65 P & CR 26 Re G B Nathan & Co Pty Ltd (1991) 24 NSWLR 674 Re Smith's Lease [1951] 1 All ER 346 Re Suco Gold Pty Ltd (1983) 7 ACLR 873 Secured Income Real Estate (Australia) Ltd v St Martins Investments Pty Ltd (1979) 144 CLR 596 DECISION : Proceedings dismissed with costs.