Capital Finance Aust Ltd v Pella Properties Pty Ltd & Anor [2010] NSWSC 1262

New South Wales Supreme Court

CITATION : Capital Finance Aust Ltd v Pella Properties Pty Ltd & Anor [2010] NSWSC 1262

HEARING DATE(S) : 5-7/10/10 12/10/10

JUDGMENT DATE : 16 November 2010

JURISDICTION : Common Law Possession List

JUDGMENT OF : Kirby J

1. There should be judgment for the plaintiff against the second defendant for possession of all of the land together with the improvements erected thereupon and comprised in Folio Identifier 29/SP78699 and known as Unit 2, 24 Clarence Avenue, Dee Why in the State of New South Wales. 2. A Writ of Possession for the property should issue forthwith. DECISION : 3. The second defendant to pay the plaintiff's costs of the proceeding against him. 4. The Amended First Cross Claim filed 3 July 2009 is dismissed with costs. 5. The Second Cross Claim filed 4 August 2009 is dismissed with no order as to costs.

CATCHWORDS : POSSESSION - registered mortgage of lender - indefeasibility - whether lender on notice of agreement before registration - whether personal equity to set aside mortgage - alternatively right to compensation for improvements to property

LEGISLATION CITED : Trade Practices Act 1974 (Cth) Real Property Act 1900 (NSW)

CATEGORY : Principal judgment

Gibbs v Messer [1891] AC 248 Leros Pty Ltd v Terara Pty Ltd (1992) 174 CLR 407 Bahr v Nicolay (No 2) [1988] 164 CLR 604 Butler v Fairclough (1917) 23 CLR 78 CASES CITED : Wicks v Bennett (1921) 30 CLR 80 Stuart v Kingston (1923) 32 CLR 309 Commonwealth Bank of Australia v Serobian [2009] NSWSC 302 Watson v Foxman (2000) 49 NSWLR 315 Waltons Stores (Interstate) Ltd v Maher [1988] HCA 7; (1988) 164 CLR 387