Jacfun Pty Limited v Sydney Harbour Foreshore Authority [2011] NSWSC 119

Supreme Court New South Wales

Medium Neutral Citation: Jacfun Pty Limited v Sydney Harbour Foreshore Authority [2011] NSWSC 119 Hearing dates: 21 to 24 February 2011 Decision date: 08 March 2011 Jurisdiction: Equity Division - Commercial List Before: Ball J Decision: 1. Proceedings dismissed. 2. The plaintiff pay the defendant's costs. Catchwords: TRADE PACTICES - misleading and deceptive conduct - Fair Trading Act 1987 s 42 - statements about prospects of redevelopment of leased premises - no misrepresentation. DAMAGES - misleading and deceptive conduct - allegation that lessee induced to surrender lease - lease not found to have greater value than amount obtained on surrender - loss of opportunity - potential involvement in redevelopment - value of chance no greater than amount received on surrender Legislation Cited: Darling Harbour Authority Act 1984 (NSW) Environmental Planning and Assessment Act 1979 (NSW) Environmental Planning and Assessment Regulations 2000 (NSW) Fair Trading Act 1987 (NSW) Land Acquisition (Just Terms Compensation) Act 1991 (NSW) Sydney Harbour Foreshore Authority Act 1998 (NSW) Cases Cited: Chase Manhattan Overseas Corporation and Others v Chase Corporation Ltd & Anor (1985) 63 ALR 345 at 355 Global Sportsman Pty Ltd & Anor v Mirror Newspapers Ltd & Anor (1984) 55 ALR 25 James Hardie Industries NV v ASIC [2010] NSWCA 332 La Trobe Capital & Mortgage Corporation Limited v Hay Property Consultants Pty Ltd [2011] FCAFC 4 Malec v JC Hutton Pty Ltd [1990] HCA 20, (1990) 169 CLR 638 Parkdale Custom Built Furniture Pty Ltd v Puxu Pty Ltd [1982] HCA 44, (1982) 149 CLR 191 SAP Australia v Sapient Australia Pty Ltd [1999] FCA 1821; (1999) 169 ALR 1 Sellars v Adelaide Petroleum NL [1994] HCA 4, (1994) 179 CLR 332 Specsavers Pty Ltd v The Optical Superstore Pty Ltd (No 2) [2010] FCA 566 Taco Co Australia & Anor v Taco Bell Pty Ltd & Ors (1982) 42 ALR 177 at 202; Watson v Foxman (1995) 49 NSWLR 315 Category: Principal judgment Parties: Jacfun Pty Limited (Plaintiff) Sydney Harbour Foreshore Authority (Defendant) Representation: Counsel: Mr B Walker SC (Plaintiff) Mr M A Jones (Plaintiff) Mr C R C Newlinds SC (Defendant) Mr J Baird (Defendant) Solicitors: Landerer & Co (Plaintiff) Clayton Utz (Defendant) File Number(s): 2009/298650