5 Ridge Pty Limited v Tryname Pty Limited [2017] NSWSC 371

Supreme Court New South Wales

Medium Neutral Citation: 5 Ridge Pty Limited v Tryname Pty Limited [2017] NSWSC 371 Hearing dates: 27, 28 March and 4 April 2017 Date of orders: 05 April 2017 Decision date: 05 April 2017 Jurisdiction: Equity Before: Pembroke J Decision: See paragraph [74] Catchwords: REAL PROPERTY – s 55(2A) Conveyancing Act – deposit forfeited by purchaser after termination of contract – statutory discretion – misrepresentation by vendor – reliance by purchaser – order for return of deposit Legislation Cited: Conveyancing Act 1919 (NSW) Cases Cited: Codelfa Construction Pty Limited v State Rail Authority of New South Wales [1982] 149 CLR 337 Commissioner of Stamp Duties NSW v Carlenka Pty Limited (1995) 41 NSWLR 329 Electricity Generation Corporation v Woodside Energy Limited [2014] HCA 7 Havyn Pty Ltd v Webster [2005] NSWCA 182 Higgins v Statewide Developments Pty Ltd [2010] NSWSC 183 Home v Zebra Motor Inn Pty Ltd (unreported 12 September 1963) Lucas and Tait (Investments) Pty Ltd v Victoria Securities Ltd [1973] 2 NSWLR 268 Nassif & Ors v Caminer [2009] NSWCA 45 Romanos v Pentagold Investment Pty Ltd (2003) 217 CLR 367 Statewide Developments Pty Ltd v Higgins [2011] NSWCA 35 Schwartz v Hadid [2013] NSWCA 89 Category: Principal judgment Parties: 5 Ridge Pty Limited – plaintiff Tryname Pty Limited – defendant Representation: Counsel: D Weinberger with B Phillips – for the plaintiff D Knoll AM – for the defendant