Perpetual Trustee Company Ltd v Gavin Bruce Gibson [2013] NSWSC 276

Supreme Court New South Wales

Medium Neutral Citation: Perpetual Trustee Company Ltd v Gavin Bruce Gibson [2013] NSWSC 276 Hearing dates: 4 March 2013 Decision date: 22 March 2013 Jurisdiction: Equity Division Before: Rein J Decision: Order that the First Cross-Defendant and Second Cross-Defendant pay to the Cross-Claimant the amount of $485, 456.84. Order that the First Cross-Defendant and Second Cross-Defendant pay to the Cross-Claimant's costs of the proceedings on the usual basis. Catchwords: EQUITY - Power of attorney with clause expressly permitting the attorney to obtain a benefit - fiduciary obligations of the donee and breach Legislation Cited: Conveyancing Act 1919 (NSW) Powers of Attorney Act 2003 (NSW) Cases Cited: Commonwealth Bank of Australia v Smith (1991) 42 FCR 390; (1991) 102 ALR 453; (1991) ATPR (Digest) 46 - 077 Grefeld v Grefeld [2012] FAMCAFC 71; (2012) FLC ¶93-508 Hughes v Hughes [2011] NSWSC 729 McKenzie v McDonald [1927] VLR 134 Re R [2000] NSWSC 886 Saad v Doumeny Holdings Pty Ltd [2005] NSWSC 893 Spina v Conran Associates Pty Ltd; Spina v M & V Endurance Pty Ltd [2008] NSWSC 326; (2008) 13 BPR 25,435; (2008) NSW ConvR ¶ 56-218 Spina v Permanent Custodians Ltd [2008] NSWSC 561; (2008) 13 BPR 25, 463; (2008) NSW ConvR ¶ 56-225 Spina v Permanent Custodians Limited [2009] NSWCA 206, (2009) 14 BPR 26,923). Sweeney v Howard [2007] NSWSC 852, (2007) 13 BPR 24,381; (2007) NSW ConvR 56-182 Tobin v Broadbent (1947) 75 CLR 378; [1948] 1 ALR 25; (1947) 21 ALJR 478; [1947] HCA 46 Texts Cited: Dal Pont, Law of Agency, 2nd ed, 2008, Lexis Nexis Butterworths Heydon, J D and Leeming, M J, Jacobs' Law of Trusts in Australia, 7th ed, 2006, LexisNexis Butterworths Category: Principal judgment Parties: Mr Daniel Patrick Haydon as the representative for the Estate of the late Marjorie Emily Gibson (Cross-Claimant) Mr Gavin Bruce Gibson (First Cross-Defendant) Mrs Louise Gibson (Second Cross-Defendant) Representation: Counsel: Mr P. O'Loughlin (Cross-Claimant) Litigant in person (First Cross-Defendant) No appearance (Second Cross-Defendant) Solicitors: Haydon Law Group (Cross-Claimant) File Number(s): 2008/285307