HomeSec Finance Express Pty Ltd v Richardson [2012] NSWSC 1375

Supreme Court New South Wales

Medium Neutral Citation: HomeSec Finance Express Pty Ltd v Richardson [2012] NSWSC 1375 Hearing dates: 25 - 28 June 2012 Decision date: 14 November 2012 Jurisdiction: Common Law Before: Button J Decision: (1) Judgment for the plaintiffs. (2) Stand proceedings over for further directions to 9:15am on 28 November 2012. (3) Counsel for the plaintiffs to file and serve short minutes of order on or before 4pm 23 November 2012, setting out the orders he seeks in light of the judgment, including as to costs. (4) Liberty to the parties to re-list the matter before Button J before then, on 2 days' notice. Catchwords: CONTRACTS - loan agreements and registered mortgages - proceedings by lender against borrower for possession and monetary order - Contracts Review Act 1980 - loan for a business purpose - not asset lending - whether conduct of "mortgage broker" amounted to agency - consideration of s 9 factual matters - not unjust - lender conduct not "unconscionable" - Trade Practices Act and Fair Trading Act not applicable Legislation Cited: Australian Securities and Investments Commission Act 2001 (Cth) Competition and Consumer Act 2010 (Cth) Contracts Review Act 1980 Evidence Act 1995 Fair Trading Act 1987 Industrial Relations Act 1996 Trade Practices Act 1974 (Cth) Cases Cited: Brighton v Australia and New Zealand Banking Group Ltd [2011] NSWCA 152 Chen v Song [2005] NSWSC 19 Collins v Parker (Supreme Court of NSW, Lee J, 11 May 1984, unreported) Ellison v Vukicevic (1986) 7 NSWLR 104 Fish v Solution 6 Holdings Limited [2006] HCA 22; (2006) 225 CLR 180 Ford by his Tutor Beatrice Ann Watkinson v Perpetual Trustees Victoria Limited [2009] NSWCA 186 Jones v Dunkel [1959] HCA 8; (1959) 101 CLR 298 Karacominakis v Big Country Developments Pty Ltd [2000] NSWCA 313 Kowalczuk v Accom Finance [2008] NSWCA 343 Permanent Custodians Ltd v Nobilo [2012] NSWSC 109 Permanent Mortgages Pty Ltd v MacFadyen [2012] NSWSC 130 Perpetual Trustee v Khoshaba [2006] NSWCA 41 The Commercial Bank of Australia Ltd v Amadio [1983] HCA 14; (1983) 151 CLR 447 Tonto Home Loans Australia Pty Ltd v Tavares [2011] NSWCA 389 Wallis v Downard-Pickford (North Queensland) Pty Ltd [1994] HCA 17; (1994) 179 CLR 388 West v AGC (Advances) Ltd (1986) 5 NSWLR 610 Category: Principal judgment Parties: HomeSec Finance Express Pty Ltd (P1) Luc Jean Pierre (P2) Hedley Murdoch (P3) Jill Richardson (D) Representation: Counsel: M J Cohen (P1-3) S T Haddad (D) Solicitors: Ronayne Lawyers Pty Ltd (P1-3) Self (D) File Number(s): 2011/195194