Westpac Banking Corporation v Diagne [2014] NSWSC 822

Supreme Court New South Wales

Medium Neutral Citation: Westpac Banking Corporation v Diagne [2014] NSWSC 822 Hearing dates: 2 to 5 June 2014 Decision date: 20 June 2014 Before: Ball J Decision: See paragraph 87 of this judgment. Catchwords: MORTGAGES - defence of mortgagor - Yerkey v Jones - unavailable where wife obtained financial benefit from guarantees CONTRACT - operation of Contracts Review Act 1980 (NSW), s 7 - whether implied warranty of fitness for purpose under Australian Securities and Investments Commission Act 2001 (Cth), s 12ED TORT - negligence - whether Bank owes duty of care to borrower MISLEADING OR DECEPTIVE CONDUCT - whether plaintiff's conduct in contravention of Australian Securities and Investments Commission Act 2001 (Cth), s 12DA INTEREST - whether order should be made for post-judgment interest Legislation Cited: Australian Securities and Investments Commission Act 2001 (Cth), ss 12DA, 12ED Civil Procedure Act 2005 (NSW), ss 98, 101 Contracts Review Act 1980 (NSW), ss 6, 7, 9 Real Property Act 1900 (NSW), s 57 Cases Cited: Abigroup Ltd v Sandtara Pty Ltd [2002] NSWCA 45 Boreland v Docker [2007] NSWSC 53 Garcia v National Australia Bank Ltd [1998] HCA 48; (1998) 194 CLR 395 Kyabram Property Investments Pty Ltd v Murray [2005] NSWCA 87 Kyabram Property Investments Pty Ltd v Murray [2006] NSWSC 54 National Australia Bank Ltd v Chen-Conway [2008] NSWSC 485 Provident Capital Ltd v Papa [2013] NSWCA 36; (2012) 84 NSWLR 231 Quikfund (Australia) Pty Ltd v Airmark Consolidators Pty Ltd [2014] FCAFC 70 Rail Corporation NSW v Leduva Pty Ltd [2005] NSWSC 138 Tai Hing Cotton Mill Ltd v Liu Chong Hing Bank Ltd [1986] AC 80 Tomlin v Ford Credit Australia Ltd [2005] NSWSC 540 Yerkey v Jones [1939] HCA 3; (1939) 63 CLR 649 Category: Principal judgment Parties: Westpac Banking Corporation (ACN 33 007 457 141) (Plaintiff) Mohamed Diagne (First Defendant) Bineta Diagne (Second Defendant) Representation: Counsel: J Hynes (Plaintiff) In Person (First Defendant) In Person (Second Defendant) Solicitors: Henry Davis York (Plaintiff) File Number(s): 2013/258702 Publication restriction: None