Illawong Village Pty Limited v State Bank of New South Wales [2004] NSWSC 18

New South Wales Supreme Court

CITATION : Illawong Village Pty Limited v State Bank of New South Wales [2004] NSWSC 18 HEARING DATE(S) : 3/11/03 - 6/11/03, 10/11/03 - 13/11/03, 17/11/03 - 21/11/03, 24/11/03 JUDGMENT DATE : 4 February 2004 JURISDICTION: Equity JUDGMENT OF : Campbell J DECISION : Overcharging not established

CATCHWORDS : CONTRACTS - GENERAL CONTRACTUAL PRINCIPLES - construction and interpretation of contracts - variation of terms of mortgage by terms of later mortgage securing same debt - WORDS AND PHRASES - "in default of" - EVIDENCE - burden of proof, presumptions, and weight and sufficiency of evidence - proof of a negative proposition - oral evidence concerning events long past - WORDS AND PHRASES - "due" - BANKING AND FINANCIAL INSTITUTIONS - banker and customer and business of banking generally - term loan - whether demand needed before loan is repayable at or after expiry of term - CONTRACTS - GENERAL CONTRACTUAL PRINCIPLES - discharge, breach and defences to action for breach - accord and satisfaction - elements of - BANKER AND CUSTOMER- factual findings relevant to whether customer had been overcharged interest Limitation Act 1969 LEGISLATION CITED : Bankruptcy Act 1966 (Cth) Real Property Act 1900 3M Australia Pty Ltd v Kemish (1986) 10 ACLR 371 Abrath v The North Eastern Railway Company (1883) 11 QBD 440 Abrath v The North Eastern Railway Company (1886) 11 App Cas 247 Alcatel Australia Ltd v Scarcella (1998) 44 NSWLR 349 Alghussein Establishment v Eton College [1988] 1 WLR 587 Allen v Tobias (1958) 98 CLR 367 Australian Municipal, Administrative, Clerical and Services Union v Greater Dandenong City Council [2000] FCA 1231; (2000) 101 IR 143 Brisbane South Regional Health Authority v Taylor (1996) 186 CLR 541 Buckingham & Co v London and Midland Bank Ltd (1895) 12 TLR 70 Clyne v Deputy Commissioner of Taxation (1981) 150 CLR 1 Crowley v Glissan (No.2) (1905) 2 CLR 744 Currie v Dempsey (1967) 69 SR (NSW) 116 Doe d. Dacre v Dacre (1798) 1 Bos&P 250; 126 ER 887 Greater Dandenong City Council v Australian Municipal, Administrative, Clerical and Services Union [2001] FCA 349; (2001) 112 FCR 232 Herron v McGregor (1986) 6 NSWLR 246 Hughes Aircraft Systems International v Airservices Australia (1997) 146 ALR 1 IW v The City of Perth (1997) 191 CLR 1 Jones v Dunkel (1959) 101 CLR 298 CASES CITED : Ex Parte Kemp Re Fastnedge (1874) LR 9 Ch App 383 Legione v Hateley (1983) 152 CLR 406 McDermott v Black (1940) 63 CLR 161 In Re McHenry; McDermott v Boyd; Barker's Claim [1894] 3 Ch 290 Meehan v Jones (1982) 149 CLR 571 New Zealand Shipping Co Limited v Société Des Ateliers et Chantiers de France [1919] 1 AC 1 Re New World Alliance Pty Ltd (Rec & Mgr Apptd); Sycotex Pty Ltd v Baseler (1994) 51 FCR 425 In Re Newark Pty Ltd (in liq); Taylor v Carroll (1991) 6 ACSR 255 Olifent v Emwest Products Pty Ltd (1996) 14 ACLC 24 The Ophelia (1916) 2 AC 206 Osborn v McDermott [1998] 3 VR 1 Pioneer Concrete (Vic) Pty Ltd v Stule (1996) 14 ACLC 534 Plumor Pty Ltd v Handley (1996) 41 NSWLR 30 Renard Constructions (ME) Pty Ltd v Minister for Public Works (1992) 26 NSWLR 234 Tallerman & Company Pty Limited v Nathan's Merchandise (Victoria) Pty Limited (1957) 98 CLR 93 Secured Income Real Estate (Australia) Ltd v St Martins Investments Pty Ltd (1979) 144 CLR 596 Sutherland v Sunshine Clothing (Aust) Pty Ltd (1995) 13 ACLC 1,808 Watson v Foxman (1995) 49 NSWLR 315 Woolworths Ltd v Crotty (1942) 66 CLR 603 PARTIES : Illawong Village Pty Limited - Plaintiff State Bank of New South Wales - Defendant FILE NUMBER(S) : SC 3426/00 COUNSEL : A J McQuillen - Plaintiff J E Marshall SC; G Lucarelli - Defendant SOLICITORS : McCoy, Grove & Atkinson - Plaintiff Minter Ellison - Defendant