Vella v Australia and New Zealand Banking Group Ltd; Vella v Permanent Mortgages Pty Ltd; Mitchell Morgan Nominees Pty Ltd v Vella [2009] NSWSC 123

New South Wales Supreme Court

CITATION : Vella v Australia and New Zealand Banking Group Ltd; Vella v Permanent Mortgages Pty Ltd; Mitchell Morgan Nominees Pty Ltd v Vella [2009] NSWSC 123

HEARING DATE(S) : Post judgment submissions: 1/7/2008; 11/8/2008; 13/11/2008. Then written submissions

JUDGMENT DATE : 6 March 2009

JURISDICTION : Equity Division

JUDGMENT OF : Young CJ in Eq

DECISION : Rulings made on outstanding cross-claims and orders made for costs.

CATCHWORDS : PROCEDURE [552]- Costs- Consolidated proceedings- Multiple parties- Overlapping issues- How costs dealt with. TORTS [22]- Negligence- Economic loss- Lender on mortgage sues mortgage originator- Held no duty of care.

Civil Liability Act 2002, s 5 O, s 35 LEGISLATION CITED : Civil Procedure Act 2005, s 98 Fair Trading Act 1987, s 42, s 72 Uniform Civil Procedure Rules 2005, r 36.1, r.42.15

ACQ v Cook (No 2) [2008] NSWCA 306 Autodesk Inc v Dyason (No 2) (1993) 176 CLR 300 Bryan v Maloney (1995) 182 CLR 609 Dobbs v National Bank of Australasia Ltd (1935) 53 CLR 643 Furber v Stacey [2005] NSWCA 242 Gould v Vaggelas (1985) 157 CLR 215 CASES CITED : Huntsman Chemical Co Australia Ltd v International Pools Australia Pty Ltd (1995) 36 NSWLR 242 Mills v Sheahan (2007) 65 ACSR 75 National Commercial Banking Corp of Aust Ltd v Robert Bushby Ltd [1984] 1 NSWLR 559; affirmed (1986) 160 CLR 251 Parkdale Custom Built Furniture Pty Ltd v Puxu Pty Ltd (1982) 149 CLR 191 Perpetual Trustees Victoria Ltd v Tsai (2004) 12 BPR 22,281; [2004] NSWSC 745 SCEGS Redlands Ltd v Barbour [2008] NSWSC 928 Simos v National Bank of Australasia Ltd and Guelman (1976) 10 ACTR 4 Woolcock Street Investments Pty Ltd v CDG Pty Ltd (2004) 216 CLR 515