Pelenoy Pty Ltd v Donovan Oates Hannaford Mortgage Corp [2004] NSWSC 4

New South Wales Supreme Court

CITATION : Pelenoy Pty Ltd v Donovan Oates Hannaford Mortgage Corp [2004] NSWSC 4 HEARING DATE(S) : 04/12/03, 05/12/03 JUDGMENT DATE : 3 February 2004 JURISDICTION: Equity Division JUDGMENT OF : Barrett J DECISION : Declarations to be made recognising lien of defendant's liquidator for certain costs ranking in priority to equitable mortgage of fifth cross-defendants ranking in priority to equitable charge of plaintiff ranking in priority to equitable mortgage of tenth cross-defendants

CATCHWORDS : MORTGAGES - mortgages and charges generally - priority of estates debts and encumbrances - equitable charge on land created by building contract - effect of agreements to grant registered mortgages - lien for property related expenses of owner's liquidator LEGISLATION CITED : Real Property Act 1900, s.36(1D) Barry v Heider (1914) 19 CLR 197 Chan v Cresdon (1989) 168 CLR 242 Courtenay v Austin (1961) 78 WN (NSW) 1082 affirmed (1964) 110 CLR 550 Crampton v French [1996] ANZ ConvR 156 Double Bay Newspapers Pty Ltd v A W Holdings Pty Ltd (1996) 42 NSWLR 409 CASES CITED : Gibson v Co-ordinated Building Services Pty Ltd (1989) 4 BPR 9639 Griffith v Hodge (1979) 2 BPR 9474 Maggbury Pty Ltd v Hafele Australia Pty Ltd (2001) 210 CLR 181 Mills v Ruthol Pty Ltd (2002) 10 BPR 19381 Re Universal Distributing Co Ltd (1933) 48 CLR 171 Vrkic v Otta International Pty Ltd [2003] NSWSC 433 Pelenoy Pty Limited - Plaintiff Donovan Oates Hannaford Mortgage Corporation Limited - First Defendant PARTIES : Sunfix Pty Ltd - Second Defendant/Cross-Claimant Kevin Watson and Kay Watson - Fifth Cross-Defendants Leslie Paul Smith, Margaret Anne Smith and StuartLeslie Smith - Tenth Cross-Defendants FILE NUMBER(S) : SC 5217/02 Mr G P McNally - Plaintiff COUNSEL : Mr S M Golledge, Solicitor - Second Defendant/Cross-Claimant Mr A J L Ogborne - Fifth Cross-Defendants Mr S L Smith, in person - Tenth Cross-Defendants Matthews Dooley & Gibson - Plaintiff SOLICITORS : The Argyle Partnership - Second Defendant/Cross-Claimant Fifth Cross-Defendants in person Tenth Cross-Defendants in person