Statewide Developments Pty Ltd (in liquidation) (receivers and managers appointed) v Azure Property Group (Holdings) Pty Ltd [2012] NSWSC 616

Supreme Court New South Wales

Medium Neutral Citation: Statewide Developments Pty Ltd (in liquidation) (receivers and managers appointed) v Azure Property Group (Holdings) Pty Ltd [2012] NSWSC 616 Hearing dates: 31 May 2012 Decision date: 08 June 2012 Jurisdiction: Equity Division Before: Pembroke J Decision: Question 1: "No" Question 2: "No" Defendant to pay plaintiff's costs Catchwords: STATUTORY INTERPRETATION - s6(1) Trustee Act 1925 - change of trustee - does not impose mandatory requirement for registration of deed of appointment of new trustee STATUTORY INTERPRETATION - s9 Trustee Act 1925 - vesting of trust property upon appointment of new trustee - not a mandatory code STATUTORY INTERPRETATION - s66B Conveyancing Act 1919 - no relevant application Legislation Cited: Conveyancing Act 1919 Corporations Act 2001 (Cth) Real Property Act 1900 Trustee Act 1925 Cases Cited: Attorney-General for New South Wales v Fred Fulham [2002] NSWSC 629 Commonwealth Bank of Australia v Nick Frisina Pty Ltd [1999] NSWSC 907 Drinkwater v Gedrot Holdaway Pty Ltd [2003] NSWSC 255 Kendall v Sweeney & Ors [2005] QSC 64 Lew v Bluescope Distribution Pty Ltd [2010] NSWSC 794 Lubavitch Mazal Pty Ltd v Yeshiva Properties No 1 Pty Ltd [2003] NSWSC 535 Re Bellamy & Metropolitan Board of Works (1883) 24 Ch D 387 Retravision (NSW) Ltd v Copeland (Supreme Court of New South Wales, Young J, 8 October 1997, unreported) Synergy Concepts Pty Ltd v Rylegrove Pty Ltd (in liquidation) (1997) 8 BPR 15,555 Texts Cited: Jacob's Law of Trusts in Australia, 7th ed, 2006 Category: Separate question Parties: Statewide Developments Pty Limited (in liquidation) (receivers and managers appointed) - plaintiff Azure Property Group (Holdings) Pty Ltd - defendant Representation: Counsel: N Cotman SC with J Hyde - for the plaintiff D K L Raphael - for the defendant Solicitors: Mills Oakley Lawyers - for the plaintiff No solicitor for the defendant File Number(s): 2012/00042109