New South Wales Land and Housing Corporation v Australia and New Zealand Banking Group Limited [2015] NSWSC 176

Supreme Court New South Wales

Medium Neutral Citation: New South Wales Land and Housing Corporation v Australia and New Zealand Banking Group Limited [2015] NSWSC 176 Hearing dates: 6 February 2015 Date of orders: 09 March 2015 Decision date: 09 March 2015 Jurisdiction: Equity Division - Commercial List Before: Kunc J Decision: Defendant liable to plaintiff; Cross-defendants liable to defendant/cross-claimant Catchwords: CONTRACTS – Construction and interpretation – Rectification – Mistake – Correction of misnomer of beneficiary of bank guarantee Legislation Cited: Housing Act 2001 (NSW) Cases Cited: Elders Lensworth Finance Limited v Australian Central Pacific Limited (1986) 2 QdR 364 Electricity Generation Corporation v Woodside Energy Ltd [2014] HCA 7; (2014) 251 CLR 640 F. Goldsmith (Sicklesmere) Ltd v Baxter [1970] 1 Ch 85 Griffin Energy Group Pty Limited (Subject to Deed of Company Arrangement) v ICICI Bank Limited [2015] NSWCA 29 Issa v Berisha [1981] 1 NSWLR 261 Kingstream Steel Ltd v Stemcor UK Ltd [2001] WASCA 138 Maddestra v Penfolds Wines Pty Ltd (1993) 44 FCR 303 National Australia Bank Ltd v Clowes [2013] NSWCA 179 Nittan (UK) Ltd v Solent Steel Fabrication Ltd trading as Sargrove Automation (1981) 1 Lloyd's Rep 633 United Bank Ltd v Banque Nationale de Paris [1991] 2 SLR(R) 60 United Dominions Trust (Commercial) Ltd v Eagle Aircraft Services Ltd [1968] 1 All ER 104 Whittam v W.J. Daniel & Co. Ltd [1961] 1 QB 271 Wood Hall Limited v The Pipeline Authority (1979) 141 CLR 443 Texts Cited: J.D. Heydon, M.J. Leeming and P.G. Turner, Meagher, Gummow and Lehane's Equity Doctrines and Remedies, 5th Edn, LexisNexis Butterworths, 2015 Sir K. Lewison and D. Hughes, The Interpretation of Contracts in Australia, Law Book Co 2012 G. McNeel, The Construction of Contracts Interpretation, Implication, and Rectification 2nd Edn, Oxford University Press, 2011 Category: Principal judgment Parties: New South Wales Land and Housing Corporation ABN 24 960 729 253 (Plaintiff) Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (Defendant/Cross-Claimant) Nebax Constructions Australia Pty Ltd (In Liquidation) ACN 101 054 068 (First Cross-defendant) Daniel Mathew Simic (Second Cross-defendant) Hazel Mary Delaney (Third Cross-defendant) Richard Paul Sapsford (Fourth Cross-defendant) Simic Management International Pty Limited ACN 134 150 833 in its own capacity and as trustee for the Daniel Simic Family Trust (Fifth Cross-defendant) Track & Machine Operations Pty Ltd ACN 134 620 018 (Sixth Cross-defendant) Representation: Counsel: D. Talintyre (Plaintiff) S.B. Docker (Defendant/Cross-Claimant) A. Fernon and G. Farland (Second to Sixth Cross-defendants) Solicitors: Sparke Helmore (Plaintiff) Kemp Strang (Defendant/Cross-Claimant) O'Neill McDonald Lawyers Pty Ltd (Second to Sixth Cross-defendants) File Number(s): 2014/185892 Publication restriction: No