Tobaji and Anor v National Australia Bank Limited [2009] NSWSC 41

New South Wales Supreme Court

CITATION : Tobaji and Anor v National Australia Bank Limited [2009] NSWSC 41

HEARING DATE(S) : 10 November 2008, 11 November 2008, 12 November 2008, 13 November 2008, 14 November 2008, 19 November 2008

JUDGMENT DATE : 12 February 2009

JUDGMENT OF : Johnson J at 1

DECISION : Judgment for the Defendant on the Statement of Claim. Judgment for the Defendant/Cross-Claimant on the Cross Claim.

CATCHWORDS : CONTRACTS - unjust contracts - mortgage and loan contract - relevant circumstances - substantial loan obtained through mortgage broker - whether borrowers aware of true quantum and purpose of loan - whether unjust that lender failed to detect false information supplied to it - relief declined

Contracts Review Act 1980 Consumer Credit (New South Wales) Code 1995 LEGISLATION CITED : Financial Transaction Reports Act 1988 (Cth) Evidence Act 1995 Real Property Act 1900

CATEGORY : Principal judgment

Briginshaw v Briginshaw (1938) 60 CLR 336 Palmer v Dolman [2005] NSWCA 361 R v Doney (2001) 126 A Crim R 271 Jeans v Cleary [2006] NSWSC 647 Perpetual Trustee Company Limited v Khoshaba [2006] NSWCA 41 Elkofairi v Permanent Trustee Company Limited [2002] NSWCA 413 Commercial Bank of Australia Limited v Amadio (1983) 151 CLR 447 West v AGC (Advances) Limited (1986) 5 NSWLR 610 CASES CITED : Riz v Perpetual Trustee Australia Limited [2007] NSWSC 1153 Micarone v Perpetual Trustees (Australia) Ltd (1999) 75 SASR 1 Con-Stan Industries of Australia Pty Limited v Norwich Winterthur Insurance (Aust) Limited (1986) 160 CLR 226 Steele-Smith v Liberty Financial Pty Limited [2005] NSWSC 398 Hilton v Gray [2007] QSC 410 St George Bank Ltd v Trimarchi [2004] NSWCA 120 Rosenberg v Percival [2001] 205 CLR 434 Graham v Hall (2006) 67 NSWLR 135 Kowalczuk v Accom Finance Pty Limited [2008] NSWCA 343 The Bell Group Ltd (In Liq) v Westpac Banking Corporation [No. 9] [2008] WASC 239