Barangaroo Delivery Authority v Lend Lease (Millers Point) Pty Ltd [2014] NSWCA 279

Court of Appeal Supreme Court New South Wales Medium Neutral Citation: Barangaroo Delivery Authority v Lend Lease (Millers Point) Pty Ltd [2014] NSWCA 279 Hearing dates: 30 July 2014 Decision date: 21 August 2014 Before: Beazley P at [1]; Leeming JA at [2]; Tobias AJA at [104] Decision: Appeal dismissed with costs. [Note: The Uniform Civil Procedure Rules 2005 provide (Rule 36.11) that unless the Court otherwise orders, a judgment or order is taken to be entered when it is recorded in the Court's computerised court record system. Setting aside and variation of judgments or orders is dealt with by Rules 36.15, 36.16, 36.17 and 36.18. Parties should in particular note the time limit of fourteen days in Rule 36.16.] Catchwords: CONTRACT - construction - definition of "Current Market Value" - relevance of labels chosen by parties - relevance of worked example attached "for information purposes only" - commercial operation to be given - commercial absurdity to be avoided - significance of expressio unius arguments Cases Cited: Australian Provincial Assurance Association Ltd v Federal Commissioner of Land Tax [1942] ALR 156 Boland v Yates Property Corporation Pty Ltd [1999] HCA 64; 74 ALJR 209 Chartbrook Ltd v Persimmon Homes Ltd [2009] UKHL 38; [2009] 1 AC 1101 Cidneo Pty Ltd v Chief Executive, Department of Transport and Main Roads [2014] QLAC 3 Daniels Corporation International Pty Ltd v Australian Competition and Consumer Commission [2002] HCA 49; 213 CLR 543 Electricity Generation Corporation v Woodside Energy Ltd [2014] HCA 7; 88 ALJR 447 Hardy Wine Company Ltd v Janevruss Pty Ltd [2006] VSCA 28 Mainteck Services Pty Ltd v Stein Heurtey SA [2014] NSWCA 184 Owners of the Ship "Shin Kobe Maru" v Empire Shipping Co Inc (1994) 181 CLR 404 Valuer-General v Perilya Broken Hill Ltd [2013] NSWCA 265; 195 LGERA 416 Western Export Services Inc v Jireh International Pty Ltd [2011] HCA 45; 86 ALJR 1 Category: Principal judgment Parties: Barangaroo Delivery Authority (Appellant) Lend Lease (Millers Point) Pty Ltd (1st Respondent) Lend Lease Corporation Ltd (2nd Respondent) Representation: Counsel: B Walker SC / S Nixon (Appellant) IM Jackman SC / SA Lawrance (1st and 2nd Respondents) Solicitors: Clayton Utz (Appellant) Herbert Smith Freehills (1st and 2nd Respondents) File Number(s): 2014/6214 Decision under appeal Citation: [2013] NSWSC 1848 Date of Decision: 2013-12-12 00:00:00 Before: Lindsay J File Number(s): 2012/000379741