Motor Vehicles Insurance Ltd v Woodlawn Capital Pty Ltd [2014] NSWSC 1846

Supreme Court New South Wales

Medium Neutral Citation: Motor Vehicles Insurance Ltd v Woodlawn Capital Pty Ltd [2014] NSWSC 1846 Hearing dates: 17 December 2014 Decision date: 17 December 2014 Jurisdiction: Equity Division - Commercial List Before: Stevenson J Decision: Freezing order varied Catchwords: EQUITY - trusts and trustees - trust funds - trustees maximum entitlement to fees now established - whether balance of trust should be paid to beneficiary - whether undisputed amount of trustee's fees should be paid to trustee Legislation Cited: Independent Public Business Corporation of Papua New Guinea Act 2002 (Papua New Guinea) Cases Cited: Agusta Pty Ltd v Provident Capital Ltd [2012] NSWCA 26 Chief Commissioner of Stamp Duties v Buckle [1998] HCA 4; (1998) 192 CLR 226 CPT Custodian Pty Ltd v Commissioner of State Revenue [2005] HCA 53; (2005) 224 CLR 98 Motor Vehicles Insurance Ltd v Woodlawn Capital Pty Ltd [2014] NSWSC 1503 Octavo Investments Pty Ltd v Knight [1979] HCA 61; (1979) 144 CLR 360 Vacuum Oil Co Pty Ltd v Wiltshire [1945] HCA 37; (1945) 72 CLR 319 Category: Consequential orders Parties: Motor Vehicles Insurance Limited (Plaintiff) Woodlawn Capital Pty Ltd (First Defendant) Timothy Patrick Breen (Second Defendant) Timothy James McNamara (Third Defendant) Representation: Counsel: J Giles (Plaintiff) J C Kelly SC with D O'Connor (Defendants) Solicitors: Gadens Lawyers (Plaintiff) Uther Webster & Evans (Defendants) File Number(s): SC 2012/83573