NSW Caselaw
New South Wales Supreme Court
CITATION : Fay v Moramba Services Pty Ltd [2009] NSWSC 1428
HEARING DATE(S) : 11 April, 19, 21-23, 26 & 27 May, 12-13 June, 17-18 September, 17-24 December 2008
JUDGMENT DATE : 16 December 2009
JURISDICTION : Equity Division
JUDGMENT OF : Brereton J
DECISION : Proceedings for removal of trustees dismissed.
CATCHWORDS : TRUSTS AND TRUSTEES – Retirement removal and replacement of trustees – by the Court – application for removal and replacement of trustees of discretionary trusts – test for removal of trustees – rights of potential beneficiaries of discretionary trust - duties of trustees of a discretionary trust – to give real and genuine consideration to exercise of discretion
LEGISLATION CITED : (NSW) Trustee Act 1925, s 59(4) (NSW) Probate and Administration Act 1898, s46
CATEGORY : Principal judgment
Attorney General (Cth) v Breckler (1999) 197 CLR 83 Australian Securities Commision v AS Nominees Ltd (1995) 62 FCR 504 Avanes v Marshall (2007) 68 NSWLR 595 Brunninghausen v Glavanics (1999) 46 NSWLR 538, 32 ACSR 294, [99] NSWCA 199 Collie v Merlaw Nominees Pty Ltd [1998] VSC 203 Fay v Moramba Services Pty Ltd [2008] NSWSC 424 FCT v Vegners (1989) 90 ALR 547 Forster v Davies (1861) 4 De G F & J 133, 45 ER 1134 Gartside v IRC [1968] AC 553 Guazzini v Pateson (1918) 18 SR(NSW) 275 Hartigan Nominees Pty Ltd v Rydge (1992) 29 NSWLR 405 Hurley v BGH Nominees Pty Ltd (1984) 2 ACLC 497 Karger v Paul [1984] VR 161 Kennon v Spry (2008) 83 ALJR 145 Lee v Young (1843) 2 Y&C Ch Cas 532, 63 ER 238 Leerac Pty Ltd v Garrick E Fay [2008] NSWSC 1082 CASES CITED : Letterstedt v Broers (1884) 9 App Cas 371 Lutheran Church of Australia South Australia District Inc v Farmers Co-operative Executives and Trustees Limited (1970) 121 CLR 628 Manson v Public Trustee [1925] GLR 153 McDonald v Ellis [2007] NSWSC 1068 McPhail v Doulton [1971] ACV 424 Miller v Cameron (1936) 54 CLR 572 O'Keeffe v Calthorpe (1739) 1 Atk 17, 26 ER 12 Pope v Butcher (1996) 20 ACSR 37 Quinton v Proctor [1998] 4 VR 469 Re Brock Bank [1948] Ch 206 Re Hay's Settlement Trusts [1981] 3 All ER 786 Re Henderson [1940] Ch 764, [1940] 3 All ER 295 Re Smith [1928] Ch 915 Re Wrightson [1908] 1 Ch 789 Sainsbury v IRC [1970] Ch 712 Schmidt v Rosewood Trust Limited [2003] 2 AC 709 Wilkinson v Clerical Administrative and Related Employees Superannuation Pty Ltd (1998) 79 FCR 469 Young v Murphy [1996] 1 VR 279
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