Trust Co. Fiduciary Services Ltd v Hassarati (No. 2) [2011] NSWSC 1396

Supreme Court New South Wales

Medium Neutral Citation: Trust Co. Fiduciary Services Ltd v Hassarati (No. 2) [2011] NSWSC 1396 Hearing dates: 29 July 2011 Decision date: 30 November 2011 Jurisdiction: Common Law Before: Davies J Decision: (1) On NAB's Motion filed 21 July 2011: (a) Prayer 1 and paragraphs 5 to 8 of the Third Cross-Claim are struck out; (b) otherwise dismiss the Motion. (2) CKM's Motion filed 22 July 2011 is dismissed. Catchwords: PROCEDURE - summary dismissal - defendant alleges unjustness of loan made by Plaintiff and also prior loan paid out by Plaintiff - Collier principle - claim for subrogation and restitution by lender against prior lender - prior lender discharges mortgage when paid out - whether good consideration - whether change of position - whether factual inquiry - not appropriate for summary dismissal. Legislation Cited: Australian Securities and Investments Commission Act 2001 Contracts Review Act 1980 Uniform Civil Procedure Rules Cases Cited: Ainsworth v Criminal Justice Commission (1992) 175 CLR 564 Australia and New Zealand Banking Group Ltd v Westpac Banking Corporation (1988) 164 CLR 662 Bank of Western Australia Ltd v Tannous [2010] NSWSC 1319 Banque Financiere de la Cite v Parc (Battersea) Ltd [1998] 2 WLR 475 Barclays Bank Ltd v W.J. Simms Son & Cooke (Southern) Ltd [1980] QB 677 Challenger Managed Investments Ltd v Direct Money Corporation Pty Ltd [2003] NSWSC 1072 Cochrane v Cochrane (1985) 3 NSWLR 403 Collier v Morlend Finance Corporation (1989) 6 BPR 13, 337; [1989] ANZ ConvR 515; (1989) ASC 55-176; (1989) ANZ ConvR 55-473 David Securities Pty Ltd v Commonwealth Bank of Australia (1992) 175 CLR 353 General Steel Industries Inc v Commissioner for Railways (NSW) (1964) 112 CLR 125 Highland v Exception Holdings Pty Ltd (in liquidation) [2006] NSWCA 318; (2006) 60 ACSR 223 Registrar-General v Gill (unreported - Court of Appeal - 16 August 1994) Roxborough v Rothmans of Pall Mall Australia Limited [2001] HCA 68; (2001) 208 CLR 51 Smith v Federal Commissioner of Taxation (1988) 164 CLR 513 St George Bank Ltd v Trimarchi [2004] NSWCA 120 Trust Co. Fiduciary Services Ltd v Hassarati [2011] NSWSC 577 Category: Procedural and other rulings Parties: Trust Company Fiduciary Services Ltd (formerly known as Permanent Trustee Company Ltd (Plaintiff) CKM (Mortgages) Ltd (Fifth Defendant) National Australia Bank Representation: A A Henskens SC (Plaintiffs) G K Burton SC & P Barham (Fifth Defendant) P Reynolds (National Australia Bank) Gadens Lawyers (Plaintiff/First Cross-Defendant) Gibson Howlin Lawyers (Fifth Defendant) Middletons (Third Cross-Defendant) Tricia Andres (National Australia Bank) File Number(s): 2009/295712