NSW Caselaw
New South Wales Supreme Court
CITATION : Bank of Queensland Ltd v Dutta [2010] NSWSC 574
HEARING DATE(S) : 17-20 May 2010
JUDGMENT DATE : 30 July 2010
JURISDICTION : POSSESSION LIST
JUDGMENT OF : Davies J
DECISION : (1) The Bank is entitled to possession of the Pymble property and to a judgment for the appropriate sum outstanding. (2) The Plaintiff should bring in Short Minutes of Order to reflect these reasons.
CATCHWORDS : CONTRACTS - unjust contracts - borrowers obtained 3 loans partly to refinance existing loan - false and misleading information provided to lender by borrowers - whether lender under obligation to advise borrowers about serviceability problems - borrowers not vulnerable persons - borrowers fully aware of their financial position - whether funds borrowed predominantly for personal, domestic or household purposes - appropriate test to be applied - whether test differs because false purposes stated by borrowers - failure of lender to obtain valid Business Purpose Declarations - whether lender engaged in asset-based lending - failure of lender to follow lending Guidelines and Banking Code strictly - failure to serve s 80 notice - whether proceedings should be dismissed for such failure.
Contracts Review Act 1980 LEGISLATION CITED : Credit (Home Finance Contracts) Act 1984 Trade Practices Act 1974 (Cth) Uniform Consumer Credit Code
CATEGORY : Principal judgment
Bahadori v Permanent Mortgages Pty Ltd [2008] NSWCA 150 Beckley v Consumer, Trader and Tenancy Tribunal [2009] NSWSC 703 Beneficial Finance Corporation v Karavas (1991) 23 NSWLR 256 Benjamin v Ashikian [2007] NSWSC 735 Berowra Holdings Pty Ltd v Gordon (2006) 225 CLR 364 Bunberry Foods Pty Ltd v National Bank of Australasia Ltd (1984) 153 CLR 491 Citicorp Australia Ltd v O'Brien (1996) 40 NSWLR 398 Collier v Moreland Finance Corporation (Victoria) Pty Ltd (unreported – Court of Appeal – 21 April 1989) Dale v Nichols Constructions Pty Ltd [2003] QDC 453 David v David [2009] NSWCA 8 Dominic v Riz [2009] NSWCA 216 Emanuele v Australian Securities Commission (1997) 188 CLR 114 First Mortgage Managed Investments Ltd v Oberlechner [2006] NSWSC 1397 Graham v Aluma Lite Pty Ltd (1996) 39 NSWLR 58 CASES CITED : Hamafam Pty Ltd v Saadullah [2007] NSWSC 818 Jonsson v Arkway Pty Ltd [2003] NSWSC 815 Kowalczuk v Accom Finance Pty Ltd [2008] NSWCA 343 Linkenholt Pty Ltd v Quirk [2000] VSC 166 Mir Bros Projects Pty Ltd v 1924 Pty Ltd [1980] 2 NSWLR 907 Park Ave Nominees Pty Ltd v Boon [2001] NSWSC 700 Permanent Mortgages Pty Ltd v Cook [2006] NSWSC 1104 Perpetual Trustee Co Ltd v Khoshaba [2006] NSWCA 41 Perpetual Trustees Victoria Ltd v English [2009] NSWSC 478 Plowman v Palmer (1914) 18 CLR 339 Rafiqi v Wacal Investments Pty Ltd (1998) ASC 155-024 Shakespeare Haney Securities Ltd v Crawford [2009] QCA 85 Smith v Elders Rural Finance Ltd (unreported – Bryson J – 25 November 1994) West v AGC (Advances) Ltd (1986) 5 NSWLR 610 Woods v Bate (1986) 7 NSWLR 560
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