Secure Funding Pty Ltd v Stark;; Secure Funding Pty Ltd v Conway [2015] NSWSC 223

Supreme Court New South Wales

Medium Neutral Citation: Secure Funding Pty Ltd v Stark;; Secure Funding Pty Ltd v Conway [2015] NSWSC 223 Hearing dates: 24 June 2014 Date of orders: 17 March 2015 Decision date: 17 March 2015 Before: McCallum J Decision: Appeals from the decision of Harrison AsJ dismissed. Leave to amend the defences granted as sought. Catchwords: PROCEDURE – appeal from a decision of Associate Judge pursuant to Uniform Civil Procedure Rules 2005 (NSW) r 49.4 – where default judgment entered against defendants set aside pursuant to Uniform Civil Procedure Rules 2005 (NSW) r 36.16(2) – appeals challenging exercise of discretion – whether Associate Judge acted on a wrong principle – whether proposed defence invoking s 12GM of the ASIC Act available to a person other than the recipient of the financial services

PROCEDURE – pleadings – where leave sought to amend defence – new legal argument based on same facts Legislation Cited: Australian Securities and Investments Commission Act 2001 (Cth), ss 12CB, 12CC, 12GM Australian Consumer Law, s 237 Corporations Act 2001 (Cth), s 511 Supreme Court Act 1970 (NSW), s 75A Trade Practices Act 1974 (Cth), s 87 Uniform Civil Procedure Rules 2005 (NSW), rr 36.16, 49.4, 49.8, 49.9 Cases Cited: Bitannia Pty Ltd v Parkline Constructions Pty Ltd [2006] NSWCA 238; 67 NSWLR 9 Dai v Zhu [2013] NSWCA 412 House v The King [1936] HCA 25; 55 CLR 499 Gronow v Gronow [1979] HCA 63; 144 CLR 513 In the matter of Staway Pty Ltd (in liquidation) (receivers and managers appointed) [2013] NSWSC 819 Inglis v Commonwealth Trading Bank of Australia [1972] HCA 74; 126 CLR 161 McGregor v Potts [2005] NSWSC 1098; (2006) 68 NSWLR 109 Monroe Topple & Associates Pty Ltd v Institute of Chartered Accountants in Australia [2002] FCAFC 197; 122 FCR 110 Monroe Topple & Associates Pty Ltd v Institute of Chartered Accountants in Australia [2001] FCA 1056 Secure Funding Pty Ltd v Stark; Secure Funding Pty Ltd v Conway [2013] NSWSC 1729 Secure Funding Pty Ltd v Stark; Secure Funding Pty Ltd v Conway [2014] NSWCA 151 Secure Funding Pty Limited v Stark Secure Funding Pty Limited v Conway [2013] NSWSC 1257 Town & Country Sport Resorts (Holdings) Pty Ltd v Partnership Pacific Ltd (1998) 20 FCR 540 Westpac Banking Corporation v Corry [2011] NSWSC 1014 Category: Principal judgment Parties: In matter 2012/2266739: