Perpetual Trustees Victoria Ltd v Tsai [2004] NSWSC 745

New South Wales Supreme Court

CITATION : Perpetual Trustees Victoria Ltd v Tsai [2004] NSWSC 745 HEARING DATE(S) : 05/08/04 JUDGMENT DATE : 5 August 2004

JURISDICTION: Common Law Division Possession List JUDGMENT OF : Young CJ in Eq DECISION : Appeal allowed with costs. The order of the learned Master is set aside.

CATCHWORDS : CONVEYANCING [155]- Torrens System- Allegedly forged mortgage registered without fraud of mortgagee- Indefeasible- However personal covenant in ancillary allegedly forged document not indefeasible. MORTGAGES [4]- Alleged forgery- Both registered mortgage and associated document containing covenant to repay allegedly forged- Former indefeasible, latter not. Caleo Bros Pty Ltd v Lyons Bros (Aust) Pty Ltd (1980) 1 BPR 9496 Challenger Managed Investments Ltd v Direct Money Corp Pty Ltd [2003] NSWSC 1072 Consolidated Trust Pty Ltd v Naylor (1936) 55 CLR 423 Davis v Williams [2003] NSWCA 371 Ginelle Finance Pty Ltd v Diakakis [2004] NSW Conv R 56-064 Grgic v Australian and New Zealand Banking Group Ltd (1994) 33 NSWLR 202 CASES CITED : Minot v Eaton (1826) 4 LJ (OS) Ch 134 Parker v Mortgage Advance Securities Pty Ltd [2003] QCA 275 Piccock v Brown (1734) 3 P Wms 288; 24 ER 1069 P T Ltd v Maradona Pty Ltd (1992) 25 NSWLR 643 Pyramid Building Society v Scorpion Hotels Pty Ltd (1998) 1 VR 188 Re GM Industries Pty Ltd and the Companies Act (1980) ACLC 40-665 Small v Tomasetti [2002] NSW Conv R 56,011 Wansworth Norton Solicitors Nominee Co Ltd v Edmonds [1992] 1 NZLR 596 Louis Tsai (Appellant) PARTIES : Perpetual Trustees Victoria Limited (1st Respondent) The Registrar-General of New South Wales (2nd Respondent) FILE NUMBER(S) : SC 11777/03 I Wales SC (Appellant) COUNSEL : S R Donaldson SC (1st Respondent) P B Walsh (2nd Respondent) Fox & Staniland (Appellant) SOLICITORS : Blake Dawson Waldron (1st Respondent) K C Hall (2nd Respondent)