Cudgegong v Transport for NSW (No 3) [2015] NSWLEC 185

Land and Environment Court New South Wales

Medium Neutral Citation: Cudgegong v Transport for NSW (No 3) [2015] NSWLEC 185 Hearing dates: 20 August 2015, additional written submissions 9 and 16 September 2015 Date of orders: 01 December 2015 Decision date: 01 December 2015 Jurisdiction: Class 3 Before: Pain J Decision: See par [93] Catchwords: CONTRACT – construction of contract for sale of land – whether partly oral and partly written

EQUITY – general principles – priority and notice – competition between a mortgagor's equity of redemption and the interest of a purchaser under an uncompleted contract for the sale of land – whether the equity of redemption is subject to a properly exercised power of sale by the mortgagee

MORTGAGES – whether breach of mortgagee's duty owed to mortgagor when exercising power of sale under s 420A of the Corporations Act 2001 (Cth) or the general law duty

REAL PROPERTY – compulsory acquisition of land – compensation – remitter from Court of Appeal – determination of entity with compensable interest in the acquired land – whether mortgagor in default owner of land or incoming purchaser has the compensable interest at the date of compulsory acquisition Legislation Cited: Conveyancing Act 1919 (NSW), ss 23C, 52A, 54A Corporations Act 2001 (Cth), s 420A, Dictionary Land Acquisition (Just Terms Compensation) Act 1991 (NSW), Pt 3 Div 5 Cases Cited: Artistic Builders Pty Ltd v Elliot & Tunhill (Mortgages) Pty Ltd [2002] NSWSC 16; (2002) 10 BPR 19,565 Australia and New Zealand Banking Group Limited v Bangadilly Pastoral Co Pty Limited [1978] HCA 21; (1978) 139 CLR 195 Boz One Pty Ltd v McLellan [2015] VSCA 68 Commercial Union Assurance Company of Australia Ltd v Ferrcom Pty Ltd (1991) 22 NSWLR 389 Commonwealth Bank of Australia v Hadfield [2004] NSWCA 350 Concrete Constructions Group Ltd v Litevale Pty Ltd [2002] NSWSC 670; (2002) 170 FLR 290 Cudgegong Australia Pty Limited v Transport for NSW [2014] NSWLEC 19 Equuscorp Pty Ltd v Glengallen Investments Pty Ltd [2004] HCA 55; (2004) 218 CLR 471 Florgale Uniforms Pty Ltd v Orders [2004] VSC 65; (2004) 187 FLR 142 Forsyth v Blundell [1973] HCA 20; (1973) 129 CLR 477 Golden Mile Property Investments Pty Ltd (in liq) v Cudgegong Australia Pty Limited [2015] NSWCA 100; (2015) 319 ALR 151 Hawkesbury Valley Developments Pty Ltd v Custom Credit Corporation Ltd (1995) NSW ConvR 55-731 Hope v RCA Photophone of Australia Proprietary Limited [1937] HCA 90; (1973) 59 CLR 348 Hoyt's Proprietary Limited v Spencer [1919] HCA 64; (1919) 27 CLR 133 Jones v Dunkel (1959) HCA 8; (1959) 101 CLR 298 Kennedy v De Trafford [1897] AC 180 Kuhl v Zurich Financial Services [2011] HCA 11; (2011) 243 CLR 361 Maggbury Pty Ltd v Hafele Australia Pty Ltd [2001] HCA 70; (2001) 210 CLR 181 Masters v Cameron [1954] HCA 72; (1954) 91 CLR 353 Masterton Homes Pty Ltd v Palm Assets Pty Ltd [2009] NSWCA 234; (2009) 261 ALR 382 McMahon v National Foods Milk Ltd [2009] VSCA 153; (2009) 25 VR 251 Pendlebury v The Colonial Mutual Life Assurance Society Limited [1912] HCA 9; (1912) 13 CLR 676 Prepaid Services Pty Ltd v Atradius Credit Insurance NV [2014] NSWCA 440 Raphael Shin Enterprises Pty Limited v Waterpoint Shepherds Bay Pty Limited [2014] NSWSC 743 Skyrise Consultants Pty Ltd v Metroland Funds Management Ltd [2011] NSWCA 406 Strong v Woolworths Ltd [2012] HCA 5; (2012) 246 CLR 182 Texts Cited: C Croft and R Hay, The Mortgagee's Power of Sale, (3rd ed 2013, LexisNexis Butterworths) E Peden and J W Carter "Entire Agreement – and similar – Clauses" 2006 JCL 1 H K Lucke "Contracts in Writing" 40 ALJ 265 N Seddon, R Bigwood and M Ellinghaus, Cheshire & Fifoot Law of Contract (10th ed 2012, LexisNexis Butterworths) Category: Principal judgment Parties: Cudgegong Australia Pty Limited (Applicant) Transport for NSW (First Respondent) Golden Mile Property Investments Pty Limited (Second Respondent) Representation: Counsel: Mr M Young SC (Applicant) Mr I Hemmings SC (First Respondent) Mr M Hall SC with Mr G Stapleton (Second Respondent)