Jonsue Investments Pty Ltd v Balweb Pty Ltd [2013] NSWSC 325

Supreme Court New South Wales

Medium Neutral Citation: Jonsue Investments Pty Ltd v Balweb Pty Ltd [2013] NSWSC 325 Hearing dates: 5 March 2013 Decision date: 12 April 2013 Jurisdiction: Equity Division - Duty List Before: White J Decision: Refer to paras [48]-[50] of judgment. Catchwords: REAL PROPERTY - Torrens Title - caveats against dealings - application for extension of caveat under s 74K(2) of the Real Property Act 1900 - requirements for lodgment of caveat under s 74F(1) - whether unitholder of unit trust has "legal or equitable estate or interest" in land that is trust property Legislation Cited: Trustee Act 1925 Real Property Act 1900 Property Law Act 1974 (Qld) Cases Cited: Costa & Duppe Properties Pty Ltd v Duppe [1986] VR 90 New Zealand Insurance Co Limited v Commissioner of Probate Duties [1973] VR 647 Octavo Investments Pty Limited v Knight (1979) 144 CLR 360 Charles v Federal Commissioner of Taxation (1954) 90 CLR 598 Schmidt v 28 Myola Street Pty Ltd [2006] VSC 343; (2006) 14 VR 447 CPT Custodian Pty Ltd v Commissioner of State Revenue [2005] HCA 53; (2005) 224 CLR 98 Lend Lease Funds Management Limited v Commissioner of State Revenue [2009] VSC 360 Re S & D International Pty Ltd; Handberg v MIG Property Services Pty Ltd [2010] VSC 388; (2010) 79 ACSR 595 Batt v Clipse (Caloundra) Pty Ltd [2011] QSC 192 Pearson v Lane (1809) 17 Ves 101 at 104; 34 ER 39 Glenn v Federal Commissioner of Land Tax (1915) 20 CLR 490 Burns Philp Trustee Co Ltd v Viney [1981] 2 NSWLR 216 Smith v Layh (1953) 90 CLR 102 Commissioner of Stamp Duties (Qld) v Livingston (1964) 112 CLR 12 Halloran v Minister Administering National Parks and Wildlife Act 1974 [2006] HCA 3; (2007) 229 CLR 545 CPT Manager Limited v Chief Commissioner of State Revenue [2006] NSWSC 1286; (2006) 64 ATR 654 Read v Commonwealth (1988) 167 CLR 57 Lend Lease Funds Management v Commissioner of State Revenue [2009] VSC 360 Re S & D International Pty Ltd (No. 4) [2010] VSC 388; (2010) 79 ACSR 595 Chief Commissioner of Stamp Duties (NSW) v Buckle [1998] HCA 4; (1998) 192 CLR 226 Re Toohey; Ex parte Meneling Station Pty Ltd (1982) 158 CLR 327 Mills v Ruthol [2002] NSWSC 294 Barnes v Addy (1874) LR 9 Ch App 244 Ramage v Waclaw (1988) 12 NSWLR 84 Texts Cited: R P Meagher, J D Heydon & M Leeming, Meagher, Gummow & Lehane's Equity: Doctrines & Remedies, 4th ed (2002), Chatswood, LexisNexis Butterworths R C Nolan "Equitable Property" (2006) 122 Law Quarterly Review 232 S X Aaron "Conceptualising the Singapore real investment trust" (2010) 24 Trust Law International 155 Category: Interlocutory applications Parties: Jonsue Investments Pty Ltd (Plaintiff) Balweb Pty Ltd (Defendant) Representation: Counsel: SA Wells (Plaintiff) CJM Palmer (Defendant) Solicitors: TressCox Lawyers (Plaintiff) John F Morrisey & Company (Defendant) File Number(s): 2013/54558