Bideena Pty Ltd as trustee for the Bideena Pty Ltd Superannuation Fund [2016] NSWSC 735

Supreme Court New South Wales

Medium Neutral Citation: Bideena Pty Ltd as trustee for the Bideena Pty Ltd Superannuation Fund [2016] NSWSC 735 Hearing dates: 3 June 2016 Decision date: 08 June 2016 Jurisdiction: Equity Before: Sackar J Decision: Judicial Advice Given Catchwords: TRUSTS – JUDICIAL ADVICE – Entitlement of Trustee to indemnity out of trust property for costs for litigation – Whether judicial advice a condition for right of indemnity Legislation Cited: Corporations Act 2001 (Cth) s 9(b), 232, 237 Superannuation Industry (Supervision) Act 1993 (Cth) Trustee Act 1925 (NSW) s 63 Cases Cited: Ananda Marga Pracaraka Samgha Ltd v Tomar (No 6) (2013) 300 ALR 492 Donaldson v Natural Springs Australia Limited [2015] FCA 498 Goozee v Graphic World Group Holdings Pty Ltd (2002) 42 ACSR 534 Grimaldi v Chameleon Mining NL (No 2) (2012) 200 FCR 296 IceTV Pty Ltd v Ross [2008] NSWSC 1321 In Re Beddoe (1893) 1 Ch D 547 In the matter of Gladstone Pacific Nickel Limited [2011] NSWSC 1235 Jax Quickfit Franchising Systems Pty Ltd as Trustee for the Jax Quickfit Franchising Systems Unit Trust [2012] NSWSC 1114 Macedonian Orthodox Community Church St Petka Inc v His Eminence Petar, the Diocesan Bishop of the Macedonian Orthodox Church of Australia and New Zealand [2006] NSWCA 160 Macedonian Orthodox Community Church St Petka Inc v His Eminence Petar the Diocesan Bishop of Macedonian Orthodox Diocese of Australia and New Zealand (2008) 237 CLR 66 Northey v Juul [2014] NSWSC 464 Perpetual Investment Management Ltd as Responsible Entity for 10 Schemes listed in the Summons [2014] NSWSC 784 Re Akierman Holdings Pty Limited [2015] NSWSC 1395 Re Application of Macedonian Orthodox Community Church St Petka Inc (No 3) [2006] NSWSC 1247 Re: Application of the Anglican Property Trust Diocese of Bathurst [2016] NSWSC 13 Re Dernacourt Investments Pty Ltd (1990) 20 NSWLR 588 Re Ledir Enterprises Pty Ltd (2013) 96 ACSR 1 Re Norvabron Pty Ltd No 2 (1986) 11 ACLR 279 Re Rosewood Research Pty Ltd (No 2) [2014] NSWSC 1226 Swansson v RA Pratt Properties Pty Ltd [2002] NSWSC 583 Thomas v HW Thomas Ltd [1984] 1 NZLR 686 Turnbull v National Roads and Motorists' Association Ltd (2004) 50 ACSR 44 Wayde v New South Wales Rugby League Ltd (1985) 180 CLR 459 Category: Principal judgment Parties: Bideena Pty Ltd as trustee of the Bideena Pty Ltd Superannuation Fund (applicant) Representation: Counsel: M Oakes SC, E W Young (applicant)