Parkview Qld Pty Ltd v Commonwealth Bank of Australia [2013] NSWSC 79

Supreme Court New South Wales

Medium Neutral Citation: Parkview Qld Pty Ltd v Commonwealth Bank of Australia [2013] NSWSC 79 Hearing dates: 4 and 5 February 2013 Decision date: 14 February 2013 Jurisdiction: Equity Division - Technology and Construction List Before: Stevenson J Decision: Defendant not a constructive trustee Catchwords: TRUSTS - constructive trust - whether retention monies held on constructive trust by bank- whether bank trustee de son tort - implied representations

BUILDING CONTRACT - breach of contract - retention Legislation Cited: Financial Sector (Business Transfer and Group Restructure) Act 1999 (Cth) Uniform Civil Procedure Rules Cases Cited: BP Refinery (Westernport) Pty Ltd v Hastings SC (1977) 180 CLR 266 Codelfa Construction Pty Limited v State Rail Authority of NSW (1982) 149 CLR 337 Lee v Sankey (1873) LR 15 Eq 204 Mac-Jordan Construction Ltd v Brookmount Erostin Ltd (in receivership) [1992] BCLC 350 Mara v Browne [1896] 1 Ch 199 Rayack Construction Ltd v Lampeter Meat Co Ltd (1980) 12 BLR 30 Robb Evans & Associates v European Bank Ltd (2004) 61 NSWLR 75 Texts Cited: MJ Leeming and JD Heydon, Jacobs Law of Trusts in Australia, 7th ed (2006) N Seddon, R BigWood & M Elinhaus, Cheshire & Fifoot Law of Contract, 10th ed (2012) Category: Principal judgment Parties: Parkview Qld Pty Ltd (plaintiff) Commonwealth Bank of Australia (defendant) Representation: Counsel: T G R Parker SC with A R R Vincent (plaintiff) S R Donaldson SC with W A D Edwards (defendant) Solicitors: Salim Ruthford Lawyers (plaintiff) Henry Davis York (defendant) File Number(s): SC 2011/289953 Publication restriction: Nil