Hoad v GEL Custodians Pty Limited [2014] NSWSC 513

Supreme Court New South Wales

Medium Neutral Citation: Hoad v GEL Custodians Pty Limited [2014] NSWSC 513 Hearing dates: 31 March, 1, 2 and 8 April 2014 Decision date: 08 May 2014 Jurisdiction: Equity Division Before: Pembroke J Decision: See paragraph [42] Catchwords: MISLEADING OR DECEPTIVE CONDUCT - loan applications - misrepresentations by borrowers as to 'gross income available' CONTRACT - construction - meaning of 'gross income available' - nature and scope of recurrent income as opposed to one-off receipts of capital or other payments CASE MANAGEMENT - separate determination of issues EVIDENCE - hypothetical evidence - admissibility and reliability COSTS - unless circumstances exceptional, applications to vary or qualify the normal order should be discouraged Legislation Cited: Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Adler v ASIC [2003] NSWCA 131 Allstate Life Insurance Co v Australia & New Zealand Banking Group (No 32) (1996) 136 ALR 627 Almario v Varipatis [2012] NSWSC 1557 Butcher v Lachlan Elder Realty Pty Ltd (2004) 218 CLR 592 Charltons CJC Pty Ltd v Fitzgerald (No 4) [2014] NSWSC 523 Demagogue Pty Ltd v Ramensky (1992) 39 FCR 31 Ellis v Wallsend District Hospital (1989) 17 NSWLR 553 Hoyts Pty Ltd v Burns (2003) 77 ALJR 1934 Miller & Associates Insurance Broking Pty Ltd v BMW Australia Finance Limited (2010) 241 CLR 357 Seltsam Pty Ltd v Mcneill [2006] NSWCA 158 Yorke v Lucas (1985) 158 CLR 661 Category: Principal judgment Parties: Stephen Michael Hoad - first plaintiff Nicola Joan Anderson - second plaintiff GEL Custodians Pty Limited - defendant Representation: Counsel: First and second plaintiffs - self-represented L Livingston - for the defendant Solicitors: First and second plaintiffs - self-represented Kemp Strang Lawyers - for the defendant File Number(s): 2010/326016