DOCSLIB.ORG

Benchmark Publication

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Benchmark Publication Monday, 31 August 2020 Daily Civil Law A Daily Bulletin listing Decisions of Superior Courts of Australia Search Engine Click here to access our search engine facility to search legal issues, case names, courts and judges. Simply type in a keyword or phrase and all relevant cases that we have reported in Benchmark since its inception in June 2007 will be available with links to each case. Executive Summary (1 minute read) Commonwealth of Australia v Endresz, in the matter of Endresz (FCA) - bankruptcy - applicant sought sequestration order against respondent - application granted (B) Vehicle Monitoring Systems Pty Limited v SARB Management Group Pty Ltd trading as Database Consultants Australia (No 5) (FCA) - bias - patent - interlocutory application - first respondent sought proceeding's allocation to docket of 'different Judge of the Court' - application granted (I B C G) MTR Corporation (Sydney) NRT Pty Ltd v Thales Australia Ltd (NSWSC) - security of payments - plaintiffs' challenge to adjudication determination failed (I B C G) Bengour Pty Ltd v Figtree (NSWSC) - possession - mortgage - defence struck out - summary judgment granted - execution of writ of possession stayed (I B C G) Bowman v Nambucca Shire Council (NSWSC) - negligence - ’slip and fall’ on ’boat ramp’ - defendant not liable (B C I G) Re Topcu; Tampus v Canipek (VSC) - wills and estates - application for revocation of grant of probate - application granted (B) Parkin v Amaca Pty Ltd (Formerly James Hardie & Coy Pty Ltd) (WASC) - damages - negligence - plaintiff suffering mesothelioma due to exposure to asbestos - defendant admitted Page 1 liability - damages assessed in amount of $1,041,480. (B C I G) Summaries With Link (Five Minute Read) Commonwealth of Australia v Endresz, in the matter of Endresz [2020] FCA 1228 Federal Court of Australia Gleeson J Bankruptcy - applicant, under s43 Bankruptcy Act 1966 (Cth), sought sequestration order against respondent - whether 'debt owing "in truth and reality"' - whether 'good reason' to doubt judgment debt's existence - Auckland Harbour Board v The King [1924] AC 318 - whether requirements for making sequestration orders satisfied - held: sequestration order made. Commonwealth of Australia (B) Vehicle Monitoring Systems Pty Limited v SARB Management Group Pty Ltd trading as Database Consultants Australia (No 5) [2020] FCA 1243 Federal Court of Australia Yates J Bias - patent - first respondent, by interlocutory application, sought proceeding's allocation to docket of 'different Judge of the Court' on basis of bias - SARB contended that given Yates J's findings in 'earlier patent infringement proceeding' between applicant and first respondent, a 'fair- minded lay observer might reasonably apprehend' Yates J 'might not bring an impartial mind to the resolution of some' questions in 'present proceeding' - held: application granted. Vehicle Monitoring (I B C G) MTR Corporation (Sydney) NRT Pty Ltd v Thales Australia Ltd [2020] NSWSC 1147 Supreme Court of New South Wales Stevenson J Security of payments - plaintiffs were parties to construction contract with first defendant - adjudicator awarded amount to first defendant under Building and Construction Industry Security of Payment Act 1999 (NSW) - plaintiffs contended adjudication determination was erroneous - whether jurisdictional error - procedural fairness - whether adjudicator decided first defendant's claim on basis not 'advanced by either party' - claim that first defendant "did not carry out the work" - whether failure by adjudicator 'to come to a view or to consider the true merits of' first defendant's 'claims for modifications' - whether failure to by adjudicator to decide whether plaintiffs' set-off claim established - held: challenge to adjudication determination failed. View Decision (I B C G) Bengour Pty Ltd v Figtree [2020] NSWSC 1143 Supreme Court of New South Wales Wright J Possession - mortgage - plaintiff sought to strike out defendant's defence and possession of Page 2 'parcels of land' - whether to strike out defence - whether disclosure of 'reasonable defence' to claim - whether to grant summary judgment - whether to stay orders - rr13.1 & 14.28 Uniform Civil Procedure Rules 2005 (NSW) - held: defence struck out - summary judgment granted - execution of writ of possession stayed. View Decision (I B C G) Bowman v Nambucca Shire Council [2020] NSWSC 1121 Supreme Court of New South Wales Walton J Negligence - plaintiff sued defendant in negligence - claim arose from plaintiff’s ’slip and fall’ on ’boat ramp’ - ’risk of slippage’ - signage - recreational activity - risk of harm - obvious risk - whether breach of duty - whether failure to take precautions against risk of harm - whether factual causation - contributory negligence - ss5B, 5M, 5H, 5F, 5G & 42 Civil Liability Act 2002 (NSW) - held: defendant not liable. View Decision (B C I G) Re Topcu; Tampus v Canipek [2020] VSC 541 Supreme Court of Victoria McMillan J Wills and estates - probate - applicant sought revocation of 'grant of letters of administration to the plaintiff' - whether standing - whether delay reasonably explained - whether prima facie case - s45(1) Wills Act 1997 (Vic) - held: application granted. Re Topcu (B) Parkin v Amaca Pty Ltd (Formerly James Hardie & Coy Pty Ltd) [2020] WASC 306 Supreme Court of Western Australia Le Miere J Damages - negligence - plaintiff suffering mesothelioma due to his exposure to ’asbestos- containing products’ which ’James Hardie Industries’ manufactured - defendant inherited ’relevant liabilities’ - defendant admitted liability - assessment of damages - held: damages assessed in amount of $1,041,480. Parkin (B C I G) Click Here to access our Benchmark Search Engine Page 3 Powered by TCPDF (www.tcpdf.org).
Load more

Recommended publications
  • Smarter Manufacturing for a Smarter Australia
    FOR A SMARTER AUSTRALIA PRIME MINISTER’S MANUFACTURING TASKFORCE REPORT OF THE NON-GOVERNMENT MEMBERS AUGUST 2012 A report of the non-Government members of the Prime Minister's Taskforce on Manufacturing, with support from the Department of Industry, Innovation, Science, Research and Tertiary Education (DIISRTE) © Commonwealth of Australia 2012 This work is copyright. It may be reproduced in whole or in part for study or training purposes subject to the inclusion of the source and no commercial usage or sale. Reproduction for purposes other than those indicated above requires the written permission from the Commonwealth. Requests and inquiries concerning reproduction and rights should be addressed to the Department of Industry, Innovation, Science, Research and Tertiary Education, GPO Box 9839, Canberra ACT 2601. PRIME MINISTER’S MANUFACTURING TASKFORCE REPORT OF THE NON-GOVERNMENT MEMBERS AUGUST 2012 SMARTER MANUFACTURINGCONTENTS EXECUTIVE SUMMARY 1 Australia’s economic prospects 35 Productivity growth 35 SECTION 1 Competitiveness 35 INTRODUCTION AND OVERVIEW 6 Innovation the Australian way 36 Smarter Manufacturing for a Smarter Australia 6 Priority policy directions 7 SECTION 4 Australian manufacturing 8 THE POLICY FRAMEWORK 39 The Australian economy 8 Section summary 39 Next steps 9 Key policy challenges 40 Key concepts 9 Applying knowledge: by value adding Background to this report 10 through innovation 40 Terms of reference 10 UK: TICs / Catapult Centres About this report 11 Singapore: Biopolis and Fusionopolis 42 Building businesses:
    [Show full text]
  • Special Issue3.7 MB
    Volume Eleven Conservation Science 2016 Western Australia Review and synthesis of knowledge of insular ecology, with emphasis on the islands of Western Australia IAN ABBOTT and ALLAN WILLS i TABLE OF CONTENTS Page ABSTRACT 1 INTRODUCTION 2 METHODS 17 Data sources 17 Personal knowledge 17 Assumptions 17 Nomenclatural conventions 17 PRELIMINARY 18 Concepts and definitions 18 Island nomenclature 18 Scope 20 INSULAR FEATURES AND THE ISLAND SYNDROME 20 Physical description 20 Biological description 23 Reduced species richness 23 Occurrence of endemic species or subspecies 23 Occurrence of unique ecosystems 27 Species characteristic of WA islands 27 Hyperabundance 30 Habitat changes 31 Behavioural changes 32 Morphological changes 33 Changes in niches 35 Genetic changes 35 CONCEPTUAL FRAMEWORK 36 Degree of exposure to wave action and salt spray 36 Normal exposure 36 Extreme exposure and tidal surge 40 Substrate 41 Topographic variation 42 Maximum elevation 43 Climate 44 Number and extent of vegetation and other types of habitat present 45 Degree of isolation from the nearest source area 49 History: Time since separation (or formation) 52 Planar area 54 Presence of breeding seals, seabirds, and turtles 59 Presence of Indigenous people 60 Activities of Europeans 63 Sampling completeness and comparability 81 Ecological interactions 83 Coups de foudres 94 LINKAGES BETWEEN THE 15 FACTORS 94 ii THE TRANSITION FROM MAINLAND TO ISLAND: KNOWNS; KNOWN UNKNOWNS; AND UNKNOWN UNKNOWNS 96 SPECIES TURNOVER 99 Landbird species 100 Seabird species 108 Waterbird
    [Show full text]
  • Introduction
    INTRODUCTION LIST OF CONTRIBUTORS (ALPHABETICALLY) 7-Eleven Stores Amcor A.P. MOLLER- MAERSK A/S AMEC Mining & Metals ABB Australia AMEC Oil & Gas Abbott Australasia Amgen Australia AbbVie Australia AMP Services Accolade Wines AMT Group Acrux DDS Amway of Australia Actavis Australia Anglican Retirement Villages Diocese of Sydney Actelion Pharmaceuticals ANL Container Line Adelaide Brighton APL Co Adidas Australia Apotex AECOM Australia APT Management Services (APA Group) Afton Chemical Asia Pacific Arch Wood Protection (Aust) AGC Arts Centre Melbourne AGL Energy ASC AIA Australia Ashland Hercules Water Technologies (Australia) Aimia Association of Professionals, Engineers, Scientists and Managers Australia Air Liquide Australia Astellas Pharma Alcon Laboratories Australia AstraZeneca Alfa Laval Australia ATCO Australia Alinta Servco (Alinta Energy) Aurora Energy Allergan Australia AUSCOAL Services Allianz Global Assistance Auscript Australasia Allied Mills Ausenco Alpha Flight Services Aussie Farmers Direct Alphapharm Aussie Home Loans Alstom Australand Property Group Ambulance Victoria Australian Agricultural Company © March 2013 Mercer Consulting (Australia) Pty Ltd Quarterly Salary Review 1.5 INTRODUCTION Australian Catholic University Billabong Australian Football League Biogen Idec Australia Australian Institute of Company Directors BioMerieux Australia Australian Nuclear Science and Technology Bio-Rad Laboratories Organistaion (ANSTO) Biota Holdings Australian Pharmaceutical Industries (Priceline, Soul Pattinson Chemist) BISSELL
    [Show full text]
  • Vdalandsystemscapabilitydire
    FRONT COVER IMAGE Hawkei vehicle designed and produced by Thales Bendigo, Victoria. Chair’s Foreword Victoria’s industry is a proven supplier of land equipment and systems. We are at the leading edge of innovation, engineering, design, manufacturing and research and development for land systems equipment, products and services. In particular, our success in the production and support of military vehicles, provision of systems integration services and the design and supply of soldier support systems and equipment is testimony to the proven capabilities of our industry. An essential element of our industry is our strong supply chain capabilities with many of our companies supporting and supplying products and services to domestic and international supply chains. The Government of Victoria, in partnership with the Australian Industry & Defence Network – Victoria, supports the Victorian Defence Alliance – Land Systems. Membership is open to all companies operating in Victoria with the potential to supply products and services into the domestic and international land systems market. The Alliance has been established to support the land systems industry in Victoria to win work in domestic and international land systems supply chains. It presents a single point of focus for companies supplying and sustaining land systems equipment and those providing support and services to that sector. The Alliance supports industry through advocacy, the provision of information on market opportunities and by establishing effective pathways for connecting Alliance members with industry primes and key Government stakeholders. It also provides opportunities for networking, collaboration and mentoring. The Alliance has around 300 member companies, with a significant number promoting their capabilities in this Brochure.
    [Show full text]
  • Australia'stop 100 Manufacturers
    Australia’sTop 100 Manufacturers Powered by: Research Partner: Powered Top 100 Manufacturing Companies – As at 15/3/2019 by: Current Previous Trading Name Main Industry Description Balance Date Revenue('000) Previous Revenue NPAT('000) Previous Total Previous Employees Previous Rank Rank Year's Growth Year's NPAT Assets('000) Year's Total Year's Revenue (%) Assets Employees 1 2 Caltex Petroleum Refining and Petroleum 31/12/2018 $21,746,567 $16,291,085 33.49% $560,416 $619,085 $6,727,623 $6,355,220 4918 3126 Fuel Manufacturing in Australia 2 1 Fonterra Co-op Group Food Product Manufacturing in 31/07/2018 $18,934,257 $17,863,458 5.99% -$202,608 $672,917 $16,515,792 $16,357,189 21500 21400 Australia 3 7 Perth Mint Primary Metal and Metal Product 30/06/2018 $18,855,490 $18,257,582 3.27% $6,652 $17,003 $4,134,193 $3,834,282 413 454 Manufacturing in Australia 4 4 BP Australia Petroleum Refining and Petroleum 31/12/2017 $16,678,000 $13,546,000 23.12% $246,000 -$112,000 $14,837,000 $13,791,000 5704 N/A Fuel Manufacturing in Australia 5 3 Viva Energy Petroleum and Coal Product Manu- 31/12/2017 $15,702,300 $15,674,500 0.18% $289,700 $1,219,100 $4,806,500 $4,263,600 1076 1023 facturing in Australia 6 5 Amcor Polymer Product and Rubber Prod- 30/06/2018 $12,738,449 $12,439,112 2.41% $977,979 $806,428 $12,220,282 $12,269,722 33344 35211 uct Manufacturing in Australia 7 6 BlueScope Steel Primary Metal and Metal Product 30/06/2018 $11,568,300 $10,644,500 8.68% $1,569,100 $715,900 $10,931,000 $9,575,400 N/A 6101 Manufacturing in Australia 8 8 CSL Pharmaceutical
    [Show full text]
  • Wheeled Apcs
    Wheeled APCs WHEELED ARMORED PERSONNEL CARRIERS Australian Wheeled APCs Austrian Wheeled APCs Belgian Wheeled APCs Brazilian Wheeled APCs British Wheeled APCs Canadian Wheeled APCs Chilean Wheeled APCs Chinese Wheeled APCs Croatian Wheeled APCs Czech Wheeled APCs Dutch Wheeled APCs Egyptian Wheeled APCs Finnish Wheeled APCs French Wheeled APCs German Wheeled APCs Guatemalan Wheeled APCs Hungarian Wheeled APCs Indian Wheeled APCs International Wheeled APCs Irish Wheeled APCs Israeli Wheeled APCs Italian Wheeled APCs Japanese Wheeled APCs Mexican Wheeled APCs North Korean Wheeled APCs Portuguese Wheeled APCs Romanian Wheeled APCs Russian Wheeled APCs Salvadoran Wheeled APCs Saudi Wheeled APCs Slovakian Wheeled APCs South African Wheeled APCs Spanish Wheeled APCs Swedish Wheeled APCs Swiss Wheeled APCs Turkish Wheeled APCs Ukrainian Wheeled APCs US Wheeled APCs Yugoslavian Wheeled APCs file:///E/My%20Webs/misc_pages/armored_personnel_carriers_3.html[3/22/2020 5:55:29 PM] Australian Wheeled APCs ADI/Thales Australia Bushmaster Notes: The Bushmaster Protected Mobility Vehicle was designed as a successor to the S-600, under the Bushranger Infantry Mobility Vehicle competition; it eventually emerged as the winner of that competition, with development beginning in 1998. The development and testing process was long, incloved, and troubled, and deliveries did not begin until 2005. The Bushmaster is based on a design originally conceived by the Irish company of Timoney; considerable portions of the Bushmaster are therefore manufactured under a licensing agreement with Timoney, though production is undertaken wholly in Australia. ADI began the part of the design process done in Australia, but production later passed to Thales Australia, who also developed several variants. (Virtually all of these variants differ primarily in internal arrangements and equipment; externally, almost all of the different versions differ little from each other.) The primary users of the Bushmaster are the Australian Army and Air Force, but it is also used by the Dutch Army and British Army.
    [Show full text]
  • Introduction
    INTRODUCTION CONTRIBUTNG ORGANISATIONS CONTRIBUTORS LISTED ALPHABETICALLY 7-Eleven Stores Amgen Australia ABB Australia AMT GROUP Abigroup Amway of Australia Accolade Wines Anglican Retirement Villages Diocese of Sydney Actavis Australia AP Moller-Maersk A/S Actelion Pharmaceuticals APL Adelaide Brighton APT Management Services (APA Group) Adidas Australia Arch Wood Protection (Aust) AECOM Australia Arrow Electronics Australia Afton Chemical Asia Pacific LLC Ashland Hercules Water Technologies (Australia) AGC Aspen Pharmacare Australia Aggreko Australia AstraZeneca AGL Energy ATCO Australia Aimia Atlassian Air Liquide Australia Aurecon Group Alcon Laboratories Australia Ausenco Alfa Laval Australia Ausgrid (formerly EnergyAustralia) Allergan Australia Aussie Home Loans Allied Mills Australand Property Group Alpha Flight Services Australia Post Alphapharm Australian Agricultural Company Alstom Australian Catholic University Altium Australian Institute of Company Directors Amadeus IT Pacific Australian Pharmaceutical Industries (Priceline, Soul Pattinson Chemist) Ambulance Victoria Australian Prudential Regulation Authority Amcor Australian Timken Propriety AMEC Mining & Metals Australian Turf Club © 2012 Mercer Consulting (Australia) Pty Ltd Top Management Remuneration Report 1.7 INTRODUCTION Avant Mutual Group BMW MELBOURNE Avery Dennison BMW Sydney AVJennings Boart Longyear Avon Cosmetics BOC Baptist Community Services NSW & ACT Boehringer Ingelheim Barbeques Galore Boeing Defense Australia BASF Australia Bombardier Transportation Australia
    [Show full text]
  • Naval Shipbuilding Plan
    FOREWORD We are pleased to launch Australia’s first Naval Shipbuilding Plan to complement the strategic, capability investment, and industry plans for the Defence portfolio that were set out in the Turnbull Government’s 2016 Defence White Paper, 2016 Integrated Investment Program and 2016 Defence Industry Policy Statement. The Plan sets out how our Government is delivering on our commitment to build a strong, sustainable and innovative Australian naval shipbuilding industry. It provides the foundation for implementing the Government’s unprecedented commitment to the greatest regeneration of our country’s naval capability since the Second World War. At the same time it will create a long-term, sustainable naval shipbuilding and ship sustainment capability that will serve our strategic and economic interests for many decades. We are a maritime nation and our security depends on a modern and effective Navy. Our investment will ensure protection of our maritime borders, secure our immediate northern approaches and proximate sea lines of communications, and enable us to project force in the maritime environment. The Plan demonstrates how we are looking to the future and sets out the Australian Government’s vision to deliver and sustain modern, capable naval vessels, on time and on budget, maximising Australian industry involvement and contributing to a secure and prosperous future for our nation. The Coalition Government has taken decisive action to commence continuous naval shipbuilding as soon as practicable, bringing forward construction dates for both the offshore patrol vessels and future frigates. We have invested in the design and construction of the modern infrastructure needed in our construction shipyards to deliver complex warships and submarines on a continuous build basis.
    [Show full text]
  • Budget Estimates 2012-13 (May 2012)
    Senate Finance and Public Administration Legislation Committee ANSWERS TO QUESTIONS ON NOTICE Budget Estimates Hearing 21-24 May 2012 Prime Minister and Cabinet Portfolio Department/Agency: Department of the Prime Minister and Cabinet Outcome/Program: 1.1.1 Domestic Policy Topic: Flood recovery appeal letters - recipients Senator: Senator Ryan Question reference number: 5 Type of Question: FPA P79-80, 21 May 2012 Date set by the committee for the return of answer: 6 July 2012 Number of pages: 8 Question: Senator RYAN: Senator Evans, I want to turn to question reference No. 30 that was taken on notice at the last estimates. It is about the letter the Prime Minister wrote to, what I understand was the top 100 companies, asking for an appeal to the flood recovery appeal. The question which was taken on notice asked for both a copy of the letter that the Prime Minister wrote, obviously with the details removed, and a list of the companies to which the Prime Minister wrote the letter. Dr de Brouwer said: ''We are not aware of it. We will take that one on notice.'' The answer provided a copy of the letter with the personal details redacted but no list of companies. It is clear in the question on notice that I asked for the companies as well. Is it possible to get that list of companies? Ms Cross: We do not have a list of the companies to whom the letter was sent. If we were to disclose any information of companies, we would first need to check that with them to make sure they were comfortable with that information being passed on.
    [Show full text]
  • 8Th Australian Business Mission to Europe
    EABC Delegation with Governor-General Quentin Bryce and European Council President Herman van Rompuy, Brussels, 2013 8th Australian Business Mission to Europe London 26 - 27 June 2014 Warsaw, Brussels & Madrid 29 June - 4 July 2014 Delegation Member & Organisational Profiles EABC Australian Business Mission to Europe London, Warsaw, Brussels, Madrid 26 June - 4 July 2014 Delegation Members Alastair Walton (EABC Chairman) Chairman, BKK Partners former Chairman, Goldman Sachs Australia; former Member, Financial Services Advisory Council (Australian Government) Jason Collins (EABC CEO) Chief Executive Officer, European Australian Business Council; Chairman, European Business Organisations Worldwide; Member, NSW Export & Investment Advisory Panel (NSW Government) Philip Aiken AM (EABC Corporate Council) Chairman, AVEVA Group; Director, National Grid; Director, Newcrest Mining; Director, Essar Energy; Chairman, Australia Day Foundation UK; former Group President Energy, BHP Billiton Angus Armour (EABC Board) Deputy Director General, NSW Trade & Investment (NSW Government); former CEO, Export Finance and Insurance Corporation (Australian Government); former Chairman, The Berne Union Peter Bond (EABC Board) Chief Executive Officer & Managing Director, Linc Energy Jillian Broadbent AO (EABC Corporate Council) Chairman, Clean Energy Finance Corporation; Director, Woolworths Limited; Chancellor, University of Wollongong; former Board Member, Reserve Bank of Australia (Australian Government) Michael Cameron (EABC Board) Chief Executive Officer &
    [Show full text]
  • FOI 078/16/17 Serial 1
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
    [Show full text]
  • Altona North Direct Investments
    INVESTOR REVIEW HY18 CONTENTS HY18 Highlights 1 Chairman and Managing 2 Directors Report Listed A-REIT 7 A-REIT Securities Fund 8 Private Funds 9 Direct Investments 18 Directory 30 Folkestone’s real estate expertise spans the residential (land and apartment), non-residential and real estate related social infrastructure sectors. Folkestone own, manage and develop real estate for the benefit of our shareholders and investors in our funds. Schematic of 11 Murray Rose Ave, Sydney Olympic Park, an asset of the Folkestone SOP Opportunity Fund. HY18 HIGHLIGHTS Folkestone continued to execute on its strategy of growing its funds management platform and its on-balance sheet exposure to quality residential and non-residential developments. $9.9m 6.7C 1 2 NPAT EPS 209.8% 204.5% $1.5bn $1.264 3 FUM TOTAL RETURN 14.1% 33.4%5 1. Statutory net profit for the 6 months to 31 December 2017. 2. Statutory earnings per share for the 6 months to 31 December 2017. 3. Growth in Funds Under Management for the 6 months to 31 December 2017. 4. Share price as at 31 December 2017. 5. Total return 12 months to 31 December 2017. FOLKESTONE INVESTOR REVIEW HY18 1 CHAIRMAN AND MANAGING DIRECTOR’S REPORT Folkestone delivered a strong undrawn debt facilities, providing the result in HY18 driven by a focused Company with financial flexibility to execution of our strategy to deliver take advantage of new investment real estate wealth solutions by opportunities when they arise. growing our funds management Gearing remains low despite platform and undertaking quality increasing from 5.2 per cent at 30 residential and non-residential June 2017 to 5.4 per cent 1 at 31 developments on our balance sheet.
    [Show full text]