NSW Caselaw
New South Wales Supreme Court
CITATION : Crocombe v Pine Forests of Australia Pty Ltd [2005] NSWSC 151
HEARING DATE(S) : 18/02/05; then written submissions
JUDGMENT DATE : 8 March 2005
Equity Division JURISDICTION : Corporations List
JUDGMENT OF : Young CJ in Eq
DECISION : Order declaring scheme is unregistered managed investment scheme. Order for winding up to be implemented by appointing trustees for sale under the Conveyancing Act.
CATCHWORDS : CORPORATIONS [88]- Other interests- Tree plantation- Whether managed investment scheme. LANDLORD & TENANT [67]- Waste- Pine plantation- Whether occupier can fell pinus radiata. MORTGAGE [36]- Rights of mortgagor in possession- Pine plantation- Right to cut trees. REAL PROPERTY [314]- Partition or sale- Land held as to 500 1/500th undivided shares- Some mortgaged- Effect of order appointing trustees for sale.
Conveyancing Act 1919 ss 66D, 66G, 66H LEGISLATION CITED : Corporations Act 2001 (Cth) ss 9, 601ED, 601EE
ASIC v Atlantic 3 Financial (Aust) Pty Ltd (2003) 47 ACSR 52 ASIC v Commercial Nominees of Australia Ltd (2002) 42 ACSR 240 ASIC v Enterprise Solutions 2000 Pty Ltd (2000) 35 ACSR 620 ASIC v Takaran Pty Ltd (2002) 43 ACSR 46 ASIC v Young (2003) 173 FLR 441 Attorney General v Sandwich (Earl) [1922] 2 KB 500 Australian Softwood Forest Pty Ltd v Attorney General (NSW) (1981) 148 CLR 121 Chapman v Strawbridge [1910] SALR 118 Clowes v Federal Commissioner of Taxation (1954) 91 CLR 209 Dale v Hamilton (1853) 10 Hare Appendix 1 vii; 68 ER 1116 CASES CITED : Dixon v Pyner (1850) 7 Hare 331; 68 ER 135 Honywood v Honywood (1874) LR 18 Eq 306 Murray v Geoffroy (1918) 18 SR (NSW) 259 Perpetual Trustee Co Ltd v Commissioner of Stamp Duties (1970) 72 SR (NSW) 453 R v Hood (1988) 54 NTR 1 Re China Steamship & Labuan Coal Co (Drummond's case) (1869) LR 4 Ch App 772 Re Hart [1954] SASR 1 Reg v Everall (1987) 89 FLR 116 Secretan v Hart [1969] 1 WLR 1599 Toteff v Antonas (1952) 87 CLR 647 Wheeler v van Wart (1838) 9 Sim 193; 59 ER 332
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