115 Constitution Road Pty Ltd v Alan Downey as Trustee for NBD Systems & Anor [2008] NSWSC 997

Reported Decision : 220 FLR 216

New South Wales Supreme Court

CITATION : 115 Constitution Road Pty Ltd v Alan Downey as Trustee for NBD Systems & Anor [2008] NSWSC 997

JUDGMENT DATE : 23 September 2008

JUDGMENT OF : Rein J

CATCHWORDS : Statutory demand signed by one trustee/creditor only where loan agreement with two trustees/creditors - affidavit accompanying demand silent on the issue of authority and no evidence as to delegated authority of trustee creditor who made the affidavit deposing to debt - demand set aside.

LEGISLATION CITED : Corporation Act

Australian Workers Union v Bowen [No. 2] (1948) 77 CLR 601 Manzo v 555/255 Pitt St Pty Ltd. (1990) 21 NSWLR 1; (1990) 2 ACSR 809 Bentham Management Pty Ltd v Union Finance Pty Ltd [2007] SASC 42 BC 200700712 Catalyst Securities Pty Ltd v Pegg [20004] QSC 469 Indaba Pty Ltd v Home Building Society Limited [2000] WASC 38, 18 ACLC 335 Oshlack v Richmond River Council (1998) 193 CLR 72 Owners of Shin Kobe Maru v Empire Shipping Co Inc (1994) 181 CLR 404 CASES CITED : Hoare Bros Pty Ltd v Deputy Federal Commissioner of Taxation (1995) 16 ACSR 213 Saferack Pty Ltd v Marketing Heads Australia Pty Ltd [2007] NSWSC 1143 Equus Corp Pty Ltd v Perpetual Trustee (WA) Ltd (1997) 25 ACSR 675, 16 ACLC 12 Meehan & Ors v Glazier Holdings Pty Ltd [2005] NSWCA 24 Spencer Constructions Pty Ltd v CRM Aldridge Pty Ltd Kezarne Pty Ltd v Sydney Asbestos Removal Service Pty Ltd (t/a Royce Roofing Services) (1998) 29 ACSR 1 Portrait Express (Sales) Pty Ltd v Kodak (Australasia) Pty Ltd (1996) 20 ACSR 746 Peel Valley Mushrooms Ltd v Corporate Investment Australia Funds Management Ltd (2000) NSWSC 958