Timms v Commonwealth Bank; Commonwealth Bank v Timms [2003] NSWSC 576

New South Wales Supreme Court

CITATION : Timms v Commonwealth Bank; Commonwealth Bank v Timms [2003] NSWSC 576 HEARING DATE(S) : 17/06/03, 18/06/03 JUDGMENT DATE : 18 June 2003 JURISDICTION: Equity Division JUDGMENT OF : Barrett J DECISION : Documents admitted into evidence

CATCHWORDS : EVIDENCE - company financial statements and drafts thereof - whether prepared for purpose of, in connection with or in contemplation of proceedings - relevance of statutory provisions requiring financial statements to be prepared - whether defendant will suffer unfair preuudice if documents admitted when directors and accountant will be available for cross-examination - overriding effect of s.1305, Corporations Act LEGISLATION CITED : Corporations Act 2001 (Cth), s.1305 Evidence Act 1995, ss.69, 135 Lewis v Nortex Pty Ltd [2002] NSWSC 1083 CASES CITED : Linfox Transport (Aust) Pty Ltd v Arthur Yates & Co Ltd [2003] NSWSC 281 R v Turner [2002] TASSC 18 Anastasia Timms - First Plaintiff Brian Timms - Second Plaintiff PARTIES : T W Holdings Pty Limited - Third Plaintiff BDA International Pty Limited - Fourth Plaintiff Commonswealth Bank of Australia - First Defendant Leslie Ludovic Rosenfeld and Alfred Kant t/as Rosenfeld, Kant & Co - Third Defendants FILE NUMBER(S) : SC 2644/94; 3054/97 Mr A J Sullivan QC/Mr M Clarke - Plaintiffs COUNSEL : Mr R G Forster SC/Mr N Manousaridis - First Defendant Mr R E Dubler - Third Defendants Browne & Co - Plaintiffs SOLICITORS : L E Taylor - First Defendant Phillips Fox - Third Defendants