Asbestos Injuries Compensation Fund Limited as Trustee for the Asbestos Injuries Compensation Fund [2018] NSWSC 589

Supreme Court New South Wales

Medium Neutral Citation: Asbestos Injuries Compensation Fund Limited as Trustee for the Asbestos Injuries Compensation Fund [2018] NSWSC 589 Hearing dates: 20 April 2018 Decision date: 04 May 2018 Jurisdiction: Equity - Expedition List Before: Sackar J Decision: See para [152]-[156] Catchwords: EQUITY – trusts and trustees – judicial advice – application by Asbestos Injuries Compensation Fund for advice – advice sought pursuant to s 55 of James Hardie Former Subsidiaries (Winding up and Administration) Act 2005 – whether Trustee would be justified in not paying so much of the damages award as reflects the extent to which award relates to exposure outside Australia

INTERPRETATION – general rules of construction of instruments – Trust Deed, Final Funding Agreement and James Hardie Former Subsidiaries (Winding up and Administration) Act 2005 – construction of "payable liability" and related terms Legislation Cited: Charitable Trusts Act 1993 (NSW) James Hardie Former Subsidiaries (Winding up and Administration) Act 2005 (NSW) Cases Cited: Alcan Gove Pty Ltd v Zabic (2015) 257 CLR 1; [2015] HCA 33 Amaca Pty Ltd v Booth (2011) 246 CLR 36; [2011] HCA 53 Amaca Pty Ltd v CSR Ltd [2007] NSWDDT 17 Anthony David Talifero v Amaca Pty Ltd [2017] NSWDDT 14 Asbestos Injuries Compensation Fund Ltd [2011] NSWSC 97 Australian Broadcasting Commission v Australasian Performing Right Association Ltd (1973) 129 CLR 99; [1973] HCA 36 Barker v Corus UK Ltd [2006] 3 All ER 785; [2006] UKHL 20 Fairchild v Glenhaven Funeral Services Ltd [2002] 3 All ER 305; [2002] UKHL 22 Orica Ltd v CGU Insurance Ltd (2003) 59 NSWLR 14; [2003] NSWCA 331 Project Blue Sky Inc v Australian Broadcasting Authority (1998) 194 CLR 355; [1998] HCA 28 Secretary, Department of Health & Ageing v Nguyen [2002] FCAFC 416; (2002) 124 FCR 425 Sienkiewicz v Greif (UK) Ltd; Willmore v Knowsley Metropolitan Borough Council [2011] 2 All ER 857; [2011] UKSC 10 Wilkie v Gordian Runoff Ltd (2005) 221 CLR 522; [2005] HCA 17 Texts Cited: Second Reading Speech, New South Wales, Parliamentary Debates, Legislative Assembly, 1 December 2005, 20549-56 Category: Principal judgment Parties: Asbestos Injuries Compensation Fund Ltd as Trustee for the Asbestos Injuries Compensation Fund (Plaintiff) Attorney-General for the State of New South Wales (intervening) Anthony David Talifero (in his capacity as the executor of the estate of the late Francis John Talifero) (the estate) Allianz Australia Insurance Limited Amaca Pty Ltd Representation: Counsel: I Jackman SC, Ms B Ng (Plaintiff) M Sexton SC (Sol Gen), D Hume (A-G of New South Wales) S Robertson, S Tzouganatos (Talifero) D Toomey SC, S Hartford Davis (Allianz) G Gotis-Graham (Solicitor for Amaca Pty Ltd)