Louise Lewis v Schon Gregory Condon as trustee of the bankrupt estate of Colleen Anne Rayhill [2013] NSWSC 120

Supreme Court New South Wales

Medium Neutral Citation: Louise Lewis v Schon Gregory Condon as trustee of the bankrupt estate of Colleen Anne Rayhill [2013] NSWSC 120 Hearing dates: 1 February 2013 Decision date: 13 February 2013 Jurisdiction: Equity Division Before: Rein J Decision: 1. Deed of trust and trust itself is not a sham. 2. Orders dealing with further evidence and submissions on balance of issues. Catchwords: BANKRUPTCY - Property held by trustee in bankruptcy for payment of debts - Dispute as to whether the property falls within the bankrupt's estate

EQUITY - Trusts and trustees -- Creation and effect - Sham trusts

ESTOPPEL - Res judicata

EQUITY - Trusts and trustees - Proceedings between beneficiaries and third parties - Standing of beneficiaries to bring proceedings

EQUITY - Appointment and removal - Invalid appointment Legislation Cited: Bankruptcy Act 1966 (Cth) s 116 Cases Cited: Chase Manhattan Equities Ltd v Goodman [1991] BCLC 897; [1991] BCC 308 City Sharrment Pty Ltd v Officer Trustee in Bankruptcy (1988) 18 FCR 449; (1988) 82 ALR 530 Equuscorp Pty Ltd v Glengallan Investments Pty Ltd [2004] HCA 55; (2004) 218 CLR 471; (2004) 211 ALR 101; (2004) 79 ALJR 206; (2004) 57 ATR 556 International General Electric Co Of New York v Commissioners of Customs and Excise [1962] Ch 784 at 789 CA; [1962] 2 ALL ER 398; [1962] 3 WLR 20; [1962] RPC 235 Miles v Bull [1969] 1 QB 258; [1968] 3 All ER 632 Raftland Pty Ltd as Trustee of Raftland Trust v Commissioner of Taxation (2008) 238 CLR 516; (2008) 246 ALR 406; (2008) 82 ALJR 934; 2008 ATC ¶20-029; (2008) 68 ATR 170; [2008] HCA 21 Re Clifton (1923) 26 WALR 41 Snook v London and West Riding Investments Ltd [1967] 2 QB 786; [1967] 1 All ER 518; [1967] 2 WLR 1020 Texts Cited: Bower, Spencer, Turner and Handley, Res Judicata, 3rd ed (1996) Butterworths