NSW Caselaw
New South Wales Supreme Court
CITATION : Bassanese v Perpetual Trustees Victoria Ltd [2007] NSWSC 1264
HEARING DATE(S) : 06/11/07
JUDGMENT DATE : 6 November 2007
JURISDICTION : Equity Division
JUDGMENT OF : Barrett J
EX TEMPORE JUDGMENT DATE : 6 November 2007
DECISION : Order for payment of money into court
CATCHWORDS : MORTGAGES - where mortgagor commences proceeding to be relieved under Contracts Review Act from mortgage provision allowing mortgagee to recover enforcement expenses under mortgage - whether serious question to be tried - where mortgagor wishes to redeem - analogy with mortgage securing contingent liability - discharge to be provided upon payment into court of amount nominated by mortgagee as sufficient to cover enforcement expenses
LEGISLATION CITED : Australian Securities and Investments Commission Act 2001 (Cth) Contracts Review Act 1980. ss.7, 9
Elkofairi v Permanent Trustee Company Limited (2003) 11 BPR 20,841 Inglis v Commonwealth Bank of Australia (1972) 126 CLR 161 CASES CITED : Liberty Funding Pty Ltd v Steele-Smith [2004] NSWSC 1100 Overton Investments Pty Ltd v Cuzeno RVM Pty Ltd [2003] NSWCA 27 Perpetual Trustee Company Ltd v Khoshaba [2006] NSWCA 41 West v AGC (Advances) Ltd (1986) 5 NSWLR 610
PARTIES : Stefano Bassanese - Plaintiff Perpetual Trustees Victoria Limited - Defendant
FILE NUMBER(S) : SC 5410/07
COUNSEL : Mr D.C. Clarke, Solicitor - Plaintiff Mr A.G. Rogers - Defendant
SOLICITORS : Youth and Enterprise Legal Centre - Plaintiff Kemp Strang - Defendant
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