NSW Caselaw
New South Wales Supreme Court
CITATION : B & B Budget Forklifts Pty Ltd v CBFC Ltd & 2 Ors [2008] NSWSC 271
HEARING DATE(S) : 18/03/08, 19/03/08
JUDGMENT DATE : 1 April 2008
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
DECISION : Plaintiff's claim for declaratory relief dismissed with costs
CATCHWORDS : MORTGAGES - competing security interests - distinction between floating charge and fixed charge - nature of "purchase money security" - CORPORATIONS - corporate finance - competing registered charges - whether priority according to time of registration displaced
Conveyancing Act 1919, s 111(2)(b) LEGISLATION CITED : Corporations Act 2001 (Cth), Part 5.3A, ss 262, 263(1)(a)(ii), 265, 279, 280, Real Property Act 1900, s 57(2)(b)
CATEGORY : Principal judgment
Abbey National Building Society v Cann [1991] 1 AC 56 Agnew v Commissioner of Inland Revenue [2001] UKPC 28; [2001] 2 AC 710 Boambee Bay Pty Ltd v Equus Financial Services Ltd (1991) 26 NSWLR 284 Composite Buyers Ltd v State Bank of New South Wales (1990) 3 ACSR 196 Coventry Permanent Economic Building Society v Jones [1951] 1 All ER 901 Illingworth v Houldsworth [1904] AC 355 Mathieson v Wahlen (1928) 28 SR (NSW) 189 CASES CITED : North Western Shipping & Towage Co Pty Ltd v Commonwealth Bank of Australia (1993) 118 ALR 453 Re Brightlife Ltd [1987] Ch 200 Re Bunbury Foods Pty Ltd [1985] WAR 126 Re Connolly Bros Ltd (No 2) [1912] 2 Ch 25 Re Spectrum Plus Ltd [2005] UKHL 41; [2005] 2 AC 680 Re Yorkshire Woolcombers Association Ltd [1903] 2 Ch 284 Security Trust Co v Royal Bank of Canada [1976] AC 503 Sogelease Australia Ltd v Boston Australia Ltd (1991) 26 NSWLR 1 Wilson v Kelland [1910] 2 Ch 306
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate