Secure Funding Pty Limited v Stark Secure Funding Pty Limited v Conway [2013] NSWSC 1536

Supreme Court New South Wales

Medium Neutral Citation: Secure Funding Pty Limited v Stark Secure Funding Pty Limited v Conway [2013] NSWSC 1536 Hearing dates: 23 August 2013 Decision date: 22 October 2013 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Orders made for defendants to pay costs of stay application and application to set aside default judgment on an ordinary basis. Catchwords: PROCEDURE - costs - application for indemnity costs - whether defendants should pay costs of their application for stay of possession - where mortgagee relying upon contractual entitlement to costs - interaction between court's discretion in relation to costs and terms of the mortgage - general rule costs follow the event. Legislation Cited: - Australian Securities and Investments Commission Act 2001 (Cth) s 12CB, 12GM(2) - Competition and Consumer Act 2010 (Cth) Sch 2 ss 21, 22, s 237 - Civil Procedure Act 2005 (NSW) s 98(1) - Uniform Civil Procedure Rules 2005 (NSW) r 36.16, 42.1, 42.2, 42.5, 42.5(b) Cases Cited: - Dee-Tech Pty Ltd v Neddam Holdings Pty Ltd (No 2) [2012] NSWSC 517 - Gomba Holdings (UK) Ltd v Minories Finance Ltd (No 2) [1993] Ch 171 - Kyabram Property Investments Pty Ltd v Murray [2005] NSWCA 87 - Latoudis v Casey [1990] HCA 59; (1990) 170 CLR 534; (1990) 97 ALR 45 - Macquarie International Health Clinic Pty Ltd v South Sydney West Area Health Service (No 3) [2010] NSWSC 1139 - Nu Line Construction Group Pty Ltd v Fowler [2012] NSWSC 816 - Secure Funding Pty Limited v Stark; Secure Funding Pty Limited v Conway [2013] NSWSC 1257 - Westpac Banking Corporation v Mason [2011] NSWSC 1241 - Westpac Banking Corporation v Parker [2012] NSWSC 514 Category: Costs Parties: 2012/266739 Secure Funding Pty Limited (Plaintiff) Jennifer Gloria Stark (First Defendant) John Charles Stark (Second Defendant) 2013/62391 Secure Funding Pty Limited (Plaintiff) Rex Anthony Conway (Defendant) Representation: Counsel: R.M. Foreman (Plaintiffs) J.E. Lazarus (Defendants) Solicitors: Arnold Bloch Leibler (Plaintiffs) Brock Partners (Defendants) File Number(s): 2012/266739 2013/62391