Bendigo and Adelaide Bank v Stamatis [2014] NSWSC 1233

Supreme Court New South Wales

Medium Neutral Citation: Bendigo and Adelaide Bank v Stamatis [2014] NSWSC 1233 Hearing dates: 24/03/14, 25/03/2014, 26/03/2014, 27/03/2014 and 28/03/2014 Decision date: 16 September 2014 Jurisdiction: Common Law Before: RS Hulme AJ Decision: Loan contract and mortgage to be set aside. Catchwords: EQUITY - mortgage - "Lo Doc" loan - forgery - unconscionability - Contracts Review Act. Legislation Cited: Australian Securities and Investment Commission Act 2001 (Cth) Civil Liability Act 2002 (NSW) Consumer Credit (NSW) Code 1995 Contracts Review Act 1980 (NSW) Criminal Assets Recovery Act 1990 (NSW) Financial Sector (Business Transfer and Group Restructure) Act 1999 (Cth) National Credit Code Real Property Act 1900 (NSW) Trade Practices Act 1974 (Cth) Cases Cited: Burke v State Bank of NSW (1994) 37 NSWLR 53 Learn & Play (Rhodes No 1) Pty Ltd v Lombe [2011] NSWSC 1506 Leybourne v Permanent Custodians Ltd [2010] NSWCA 78 National Australia Bank Ltd v Hall (unreported, Dunford J, 17 September 2003) Northside Developments Pty Ltd v Registrar-General (1990) 170 CLR 148 Perpetual Trustees Vic Ltd v Bodiroza [2009] NSWSC 861 Petersen v Moloney (1951) 84 CLR 91 Texts Cited: Bowstead and Reynolds on Agency, (18th ed) Ge dal Pont, Law of Agency (2nd Ed) Category: Principal judgment Parties: Bendigo and Adelaide Bank Limited (Plaintiff/Cross Defendant) Aristides Stamatis (First Defendant/First Cross Claimant) Maria Stamatis (Second Defendant/Second Cross Claimant) Representation: Counsel: N Kidd SC; RI Bellamy (Plaintiff/Cross Defendant) JK Taylor; Z Hillman (Defendants/Cross Claimants) Solicitors: Solicitors: Gadens Lawyers (Plaintiff/Cross Defendant) Hughes & Taylor (Defendants/Cross Claimants) File Number(s): 2011/156419