Idoport Pty Limited & Anor v National Australia Bank Limited & 8 Ors; Idoport Pty Limited & Market Holdings Pty Limited v Donald Robert Argus; Idoport Pty Limited "JMG" v National Australia Bank Limited & Ors. [41] [2001] NSWSC 937

New South Wales Supreme Court

CITATION : Idoport Pty Limited & Anor v National Australia Bank Limited & 8 Ors; Idoport Pty Limited & Market Holdings Pty Limited v Donald Robert Argus; Idoport Pty Limited "JMG" v National Australia Bank Limited & Ors. [41] [2001] NSWSC 937 FILE NUMBER(S) : SC 50113/98; 50026/99; 3991/00 HEARING DATE(S) : 18/10/01 JUDGMENT DATE : 25 October 2001

Idoport Pty Limited (Plaintiff) PARTIES : National Australia Bank Limited (Defendant) Donald Robert Argus (Defendant) JUDGMENT OF : Einstein J

COUNSEL : Mr JJ Garnsey QC (Plaintiffs) Mr J Sackar QC, Ms K Williams (Defendants) SOLICITORS : Withnell Hetherington (Plaintiffs) Freehills (Defendants) CATCHWORDS : Evidence Act (1995) - Evidence - Admissibility - Opinion evidence - Expert opinion - Specialised knowledge - Rulings relating to specialised knowledge of witness enabling him to express opinions in relation to New Zealand Markets CASES CITED : Idoport Pty Limited & Anor v National Australia Bank Limited & 8 Ors. [2001] NSWSC 123 DECISION : Witness shown to have demonstrated the acquisition of sufficient specialised knowledge of the relevant New Zealand financial services industry to be in a position to express "d" class opinions of the type which he seeks to express, as summarised in column 4 of MFI D219 in relation to: (i) the New Zealand Mutual funds market; (ii) the commercial prospects of Ausmaq in New Zealand; and (iii) the functional capabilities of Ausmaq in New Zealand. Witness shown by his general reading and familiarity with issues local to New Zealand to have demonstrated an overarching specialised knowledge in relation to New Zealand Financial Services generally as likely suffices to permit him to also express opinions, wholly or substantially based on that specialised knowledge, in relation to the New Zealand debt market and in relation to the New Zealand cash management market.