ADC Buildings Pty Ltd v Barana Properties No 1 Pty Ltd [2004] NSWSC 810

New South Wales Supreme Court

CITATION : ADC Buildings Pty Ltd v Barana Properties No 1 Pty Ltd [2004] NSWSC 810 HEARING DATE(S) : 30 August, 2004 JUDGMENT DATE : 2 September 2004 JURISDICTION: Equity Division JUDGMENT OF : Palmer J DECISION : Summons dismissed.

CATCHWORDS : VALUATION - CONTRACT - CONSTRUCTION - Whether expert valuation binding - whether valuation carried out in accordance with requirements of contract. - Land Tax Assessment Act 1910-1950 (NSW) - s.3 LEGISLATION CITED : - Valuation of Land Act 1916 (NSW) - s.6, s.6A, - Valuation of Land (Ratings and Valuation) Amendment Act 1981 (NSW) - Attorney General of The Commonwealth v Oates (1999) 198 CLR 162 - Eddy Lau Constructions Pty Ltd v Transdevelopment Enterprise Pty Ltd [2004] NSWSC 754 - Ferris v Plaister (1994) 34 NSWLR 474 - Gollan v Randwick Municipal Council [1961] AC 82 - Legal & General Life of Australia Ltd v A Hudson Pty Ltd (1985) 1 NSWLR 314 - McCann v Switzerland Insurance Australia Limited (2000) 203 CLR 579 - Perpetual Trustee Co Ltd v Valuer-General (2001) 115 LGERA 287 CASES CITED : - Pye v Valuer-General [1973] 2 NSWLR 385 - Ritchie v Valuer-General (1961) 21 LGRA 296n - Royal Sydney Golf Club v Federal Commissioner of Taxation (1955) 91 CLR 610 - Sonnerdale v Valuer-General (1953) 19 LGR(NSW) 211 - Stubberfield v Valuer-General [1991] 1 Qd R 278 - Sydney City Council v Valuer-General (1956) 1 LGRA 229 - Wunderlich Ltd v Valuer-General (1959) 5 LGRA 50 - Seddon & Ellinghaus, Cheshire & Fifoot's Law of Contract (Butterworths 8th Aust Ed 2002) PARTIES : ADC Buildings Pty Limited - Plaintiff Barana Properties No 1 Pty Limited - Defendant FILE NUMBER(S) : SC 3454/04 COUNSEL : N.C. Hutley SC, D.R. Stack - Plaintiff S.D. Rares SC, R. Scruby - Defendant SOLICITORS : Deacons - Plaintiff Kemp Strang - Defendant