Ozzy Loans Pty Ltd v New Concept Pty Ltd & Zhong [2012] NSWSC 814

Supreme Court New South Wales

Medium Neutral Citation: Ozzy Loans Pty Ltd v New Concept Pty Ltd & Zhong [2012] NSWSC 814 Hearing dates: 16, 17 May 2012 Decision date: 23 July 2012 Jurisdiction: Common Law Before: S G Campbell J Decision: 1. I publish my reasons. 2. I direct the parties to bring in short minutes of order in accordance with my reasons. 3. I stand the matter over to 10:00 a.m. on Friday, 27th July 2012 for the entry of final orders. Catchwords: Possession - registered second mortgage - cross claim - unjust contracts - equitable relief - action in debt. Legislation Cited: Contracts Review Act 1980 (NSW) National Consumer Credit Protection Act 2009 (Cth) National Consumer Credit Protection Regulations 2010 (Cth) S.6(1)(c) National Credit Code Cases Cited: Blomley v Ryan (1956) 99 CLR 362 Commercial Bank of Australia Ltd v Amadio (1983) 151 CLR 447; Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd & Ors (2004) 219 CLR 165; Fast Fixed Loans Pty Ltd v. Samardizic [2011] NSWCA 260; Perpetual Trustee Co. Limited v. Khoshaba [2006] NSWCA 41; Kowalczuk v. Accom Finance Pty Ltd (2008) 77 NSWLR 205; Takemura v. National Australia Bank Limited (2003) NSWSC 339. Category: Principal judgment Parties: Ozzy Loans Pty Ltd (Plaintiff/First Cross-Defendant) New Concept Pty Ltd (First Defendant/Second Cross-Claimant) Shuming Zhong (Second Defendant/First Cross-Claimant) Dong Son Giang (aka Dongson Giang, Patrick Giang, Dong Son Jiang, Dongson Jiang and Patrick Jiang) (Second Cross-Defendant) Representation: Counsel: Mr. O'Brien (Plaintiff/First Cross-Defendant) Mr. Foley, Solicitor (First and Second Defendants/First and Second Cross-Claimants) Solicitors: Bransgroves Lawyers (Plaintiff) Foleys Solicitors (Defendants) File Number(s): 2011/160606