Estate Reid; Roberts v Moses and Palmer [2018] NSWSC 1145

Supreme Court New South Wales

Medium Neutral Citation: Estate Reid; Roberts v Moses and Palmer [2018] NSWSC 1145 Hearing dates: 28-30 November, 1 December 2017; and 2 May 2018 Decision date: 26 July 2018 Jurisdiction: Equity - Probate List Before: Lindsay J Decision: Declarations and orders to be made consequentially upon construction of the will and codicils of the deceased. Catchwords: SUCCESSION – Wills, probate and administration – Construction and effect of testamentary dispositions – Gift of income from dividends on shares owned only indirectly by testator through company owned and controlled by him – Gift of shares in that company to another person, subject to the gift of income – By accepting gift of shares, second person personally bound in equity to satisfy gift of income Legislation Cited: Income Tax Assessment Act 1997 Cth Succession Act 2006 NSW Cases Cited: Attorney General v Wax Chandlers Co. (1873) LR 6 HL 1 Countess of Bective v Federal Commissioner of Taxation (1932) 47 CLR 417 Fell v Fell (1922) 31 CLR 268 Gill v Gill (1921) 21 SR (NSW) 400 Gregg v Coates (1856) 23 Beav 33; 53 ER 13 In re Hodge; Hodge v Griffiths [1940] Ch 260 Jones v Krawczyk [2011] NSWSC 139 Messenger v Andrews (1828) 2 Russ 478; 38 ER 885 Muschinski v Dodds (1985) 160 CLR 583 Perpetual Trustee Co Limited v Wright (1987) 9 NSWLR 18 Ramsay Trustees Executors and Agency Co. Ltd (1948) 77 CLR 321 Rees v Engelback (1871) LR 12 Eq 225 Sciacca v Ghidella, Reghenzani [2001] QSC 134 Warton v Yeo [2014] NSWSC 494 Williams v Legg (Court of Appeal, unreported, 16 March 1993) Texts Cited: - Category: Principal judgment Parties: Plaintiff: Peta Roberts First Defendant: Rupert James Moses Second Defendant: Philip Stanley Palmer Third Defendant: Andrew Moses Fourth Defendant: Sarah Moses Fifth Defendant: Vanreid Industries Pty Ltd ACN 008 465 325 Sixth Defendant: Vanreid Enterprises Pty Ltd ACN 000 920 945 Representation: Counsel: Plaintiff: MK Meek SC and N Bilinsky First & Second Defendants: C Harris SC and C Birtles Third & Fourth Defendants: C Hodgson Fifth & Sixth Defendants: S Hughes