Geitonia Pty Ltd t/as Trustee for the Annandale Unit Trust v Westpac Banking Corporation [2015] NSWSC 419

Supreme Court New South Wales

Medium Neutral Citation: Geitonia Pty Ltd t/as Trustee for the Annandale Unit Trust v Westpac Banking Corporation [2015] NSWSC 419 Hearing dates: 2 April 2015 Decision date: 16 April 2015 Jurisdiction: Equity Division Before: Ball J Decision: (1) Proceedings dismissed. (2) The plaintiff should pay the first and second defendants' costs. Catchwords: MORTGAGES – Mortgages and charges generally – Rights and liabilities of mortgagor and mortgagee – Conveyancing Act 1919 (NSW) ss 94, 95 – Whether second mortgagee can require first mortgagee to transfer its mortgage to second mortgagee – Meaning of expression "any third person" Legislation Cited: Conveyancing Act 1919 (NSW) Real Property Act 1900 (NSW) Cases Cited: Challenge Bank Ltd v Hodgekiss (1995) 7 BPR 14,399 First Chicago Australia Ltd v Loyebe Pty Ltd [1980] 2 NSWLR 703 Ley v Scarff (1979-81) 146 (CLR) 56 Sucrogen Australia Pty Ltd v Westpac Banking Corporation [2011] QSC 393 Category: Principal judgment Parties: Geitonia Pty Ltd as Trustee for the Annandale Unit Trust ACN 127 917 980 (First Plaintiff) G Capital Pty Ltd ACN 106 277 132 (Second Plaintiff) Bill Gertos (Third Plaintiff) Westpac Banking Corporation ABN 33 007 457 141 (First Defendant) Huizhong Investment Group Pty Ltd ACN 134 003 375 (Second Defendant) Representation: Counsel: S Galitsky (Plaintiffs) E Holmes (First Defendant) J R Williams (Second Defendant)