Sageinvest AG v Western Metals Copper Ltd [2003] NSWSC 490

New South Wales Supreme Court

CITATION : Sageinvest AG v Western Metals Copper Ltd [2003] NSWSC 490 HEARING DATE(S) : 2 June 2003 JUDGMENT DATE : 4 June 2003 JURISDICTION: Equity JUDGMENT OF : Hamilton J DECISION : Reference in agreement to "Income Tax Assessment Act 1936 as amended" should be construed as meaning as amended from time to time rather than as amended to the date of the agreement.

CATCHWORDS : CONTRACTS [120], INTERPRETATION [12] - General rules of construction of instruments - Commercial and business transactions - Regard to relevant terms of agreement - Meaning to avoid commercial nonsense or inconvenience. LEGISLATION CITED : Acts Citation Act 1976 (Cth) Income Tax Assessment Act 1936 (Cth) Associated Alloys Pty Ltd v ACN 001 452 106 Pty Ltd (in liq) (2000) 202 CLR 588 Brett v Brett Essex Golf Club Ltd (1986) 52 P & CR 330 Bunge SA v Kruse [1979] 1 Lloyd's Rep 279 CASES CITED : Cartwright v MacCormack; Trafalgar Insurance Company Ltd third party [1963] 1 WLR 18 Ford Motor Company of Australia Ltd v Arrowcrest Group Pty Limited [2002] FCA 1156 Hide & Skin Trading Pty Ltd v Oceanic Meat Traders Ltd (1990) 20 NSWLR 310 Prestcold (Central) Ltd v Minister of Labour [1969] 1 WLR 89 Re Media, Entertainment and Arts Alliance; Ex parte Hoyts Corporation Pty Ltd (1993) 178 CLR 379 PARTIES : Sageinvest Aktiengesellschaft (P) Western Metals Copper Limited (D) FILE NUMBER(S) : SC 5996/01 COUNSEL : J W Stevenson & L D Menzies (P) S R Donaldson SC & R L Hamilton (D) SOLICITORS : Webster O'Halloran & Associates (P) Allens Arthur Robinson (D)