AIT Investment Group Pty Ltd v Markham Property Fund No 2 Pty Limited [2015] NSWSC 216

Supreme Court New South Wales

Medium Neutral Citation: AIT Investment Group Pty Ltd v Markham Property Fund No 2 Pty Limited [2015] NSWSC 216 Hearing dates: 19 February 2015 Date of orders: 13 March 2015 Decision date: 13 March 2015 Jurisdiction: Equity Division Before: Bergin CJ in Eq Decision: Summons dismissed. The plaintiff is to pay the defendant's costs of the proceedings. Catchwords: [TRUSTS] – whether unit holder in private trading trust entitled as of right to have access to Register of Unit Holders – whether entitlement subject to trustee's discretion – nature of unit holder's interest under trust deed – confidentiality of other unit holders' personal information Legislation Cited: Corporations Act 2001 (Cth) Cases Cited: Costa & Duppe Properties Pty Ltd v Duppe & Ors [1986] VR 90 CPT Custodian Pty Limited v Commissioner of State Revenue (Vic) (2005) 224 CLR 98 Gough v Offley (1852) 5 De G & Sm 653; 64 ER 1285 Hartigan Nominees Pty Limited v Rydge (1992) 29 NSWLR 405 Londonderry's Settlement; Peat v Walsh [1965] Ch 918 McDonald v Ellis (2007) 72 NSWLR 605 O'Rourke v Darbishire [1920] AC 581 Rouse v IOOF Australia Trustees Ltd (1999) 73 SASR 484 Schmidt v 28 Myola Street Pty Ltd (2006) 14 VR 447 Schmidt v Rosewood Trust [2003] 2 AC 709 Silkman v Shakespeare Haney Securities Limited [2011] NSWSC 148 Texts Cited: PW Young, C Croft and ML Smith, On Equity (Law Book Co, 2009) DKL Raphael, Caveats and unit trusts (2007) 81 ALJ 881 Category: Principal judgment Parties: AIT Investment Group Pty Limited (Plaintiff) Markham Property Fund No 2 Pty Ltd (Defendant) Representation: Counsel: A Leopold SC/PT Russell (Plaintiff) NC Hutley SC/K Richardson (Defendant)