Vrkic v Otta International [2003] NSWSC 433

New South Wales Supreme Court

CITATION : Vrkic v Otta International [2003] NSWSC 433 HEARING DATE(S) : 21 May 2003 JUDGMENT DATE : 5 June 2003 JURISDICTION: Equity JUDGMENT OF : Campbell J DECISION : First defendant has an unregistered equitable mortgage, which has priority to later unregistered equitable mortgage of second defendants. Money in court ordered to be paid out to first defendant.

CATCHWORDS : MORTGAGES - priority of estates, debts and encumbrances - whether a particular set of documents confers an unregistered equitable mortgage LEGISLATION CITED : Real Property Act 1900 Trustee Act 1925 Australian Broadcasting Commission v Australasian Performing Right Association Ltd (1973) 129 CLR 99 Cohen & Co v Ockerby & Co Ltd (1917) 24 CLR 288 Double Bay Newspapers Pty Ltd v AW Holdings Pty Ltd (1997) 42 NSWLR 409 Elderly Citizens Homes of South Australia Inc v Balnaves (1998) 72 SASR 210 Fitzgerald v Masters (1956) 95 CLR 420 Gates v The City Mutual Life Assurance Society Limited (1986) 160 CLR 1 CASES CITED : Heid v Reliance Finance Corporation Pty Ltd (1983) 154 CLR 326 Hoyts Pty Ltd v Spencer (1919) 27 CLR 133 Latec Investments Ltd v Hotel Terrigal Pty Ltd (in liq) (1965) 113 CLR 265 Maggbury Pty Ltd v Hafele Australia Pty Ltd (2001) 185 ALR 152 Schenker & Co (Aust) Pty Ltd v Maplas Equipment and Services Pty Ltd [1990] VR 834 TCN Channel Nine Pty Ltd v Hayden Enterprises Pty Ltd (1989) 16 NSWLR 130 Upper Hunter County District Council v Australian Chilling and Freezing Co Ltd (1968) 118 CLR 429 Danny Vrkic, as liquidator of Entervin Pty Limited (in liq) - Plaintiff PARTIES : Otta International Pty Ltd - First Defendant Martin Junker and Irene Bondarew - Second Defendants FILE NUMBER(S) : SC 5419/02 No appearance - Plaintiff COUNSEL : M Cohen - First Defendant R W Tregenza - Second Defendants No appearance - Plaintiff SOLICITORS : Unrepresented - First Defendant Peter Winters & Co - Second Defendants