Table Of ContentAUSTRALIAN
BUSINESS LAW
REVIEW
VOLUME 19
1991
THE LAW BOOK COMPANY LIMITED
1992
Published in Sydney by
The Law Book Company Limited
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ISSN 0310-1053
© 1991-92 The Law Book Company Limited and Contributors
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AUSTRALIAN
BUSINESS LAW
REVIEW
EDITORIAL BOARD
JUDGE ARTHUR ROGERSON (S.A.)
R. M. B. REyNo.ps (W.A.)
Professor K. C. T. SuTTON (Queensland)
PRoFEssor R. Baxt (Victoria)
U.K. Representative: PRoFEssor C. SCHMITTHOFF
Singapore Representative: PROFESSOR E. P. ELLINGER
SECTION EDITORS
Administrative Law: J. BARNES
Banking and Finance: Mark SNEDDON
Book Reviews: G. T. PAGONE
Company Law and Securities: R. Baxt
Consumer Dealings: Tony DuGGAN
Industrial Law and Relations: M. PitTaRD AND R. McCaLLum
Intellectual and Industrial Property: Sam MuRUMBA
Insurance: K. C. T. SuTTon
Media and Broadcasting Law: SALLY WALKER
Overseas Trade and Investments: J. WAINCYMER
Restrictive Trade Practices: PHiLip CLARKE
Taxation: R. CULLEN
Transport: MartTIN DAVIES
New Zealand Newsletter: REx ADHAR
CONSULTING EDITOR: PROFESSOR R. BAXT
Epitors: J. WAINCYMER
ASSOCIATE PROFESSOR PHILIP CLARKE
TABLE OF ARTICLES
THE RIGHT OF A TRUSTEE WHO CARRIES ON BUSINESS TO
INDEMNITY OuT OF TRUST PROPERTY
R. A. Hughes
TAKEOVERS OF PusBLic UNiT Trusts
Geoffrey Green and Anthony Dhar
INJUNCTIVE RELIEF IN CASES OF REFUSAL TO SUPPLY
Robertson Wright
BANKRUPTCY AND CONSTRUCTIVE TRUSTS
John Glover
Direct CREDIT, CHEQUES AND THE PAYMENT OF WAGES
Stephen Smith
THE IMPACT OF SECTION 74 OF THE TRADE PRACTICES AcT 1974
(CTH) ON THE UsE OF DISCLAIMERS BY ACCOUNTANTS AND
OTHER PROFESSIONALS
Kathie Cooper and James Jackson
THE ELusivE CARRIER: WHOM DO! SUE AND How?
Martin Davies
TAX REFORM DEBATE IN AUSTRALIA
Phillippa Wearne
CONSTRUCTIVE DELIVERY AND SALE BY A BUYER OR SELLER IN
POSSESSION: THE GAMER’S Motor CENTRE CASE
Alan Davidson
Foop ENDORSEMENT PROGRAMMES — HEARTBURN FOR THE
REGULATORS!
E. Joan Wright
A MANUFACTURER’S GUIDE TO SECTION 52 OF THE TRADE
PRACTICES ACT
Ellen Beerworth
AN OVERVIEW OF LEGISLATION CONTROLLING THE RETAILING OF
PETROLEUM WITHIN AUSTRALIA
John G. Grace
SUPERANNUATION FUND SURPLUSES: TO WHOM DO THEY BELONG?
Bill van Bakel
RESISTING BANKRUPTCY NOTICES
Andrew R. Keay
CASES SPECIALLY NOTED
VOLUME 19
The cases here set out are cases that have been given special
consideration in the Australian Business Law Review
Australian Central Credit Union v. Commonwealth Bank
of Australia
Davis and Anor v. Radcliffe and Ors
Devenish v. Jewel Food Stores Pty Ltd
Gamer’s Motor Centre (Newcastle) Pty Ltd v. Natwest
Wholesale Pty Ltd
Global Funds Management (NSW) Ltd and Ors v. Burns
Philp Trustee Company Ltd (in provisional liquidation)
Mutual Export Corp. v. Asia Australian Express Ltd (The
Lakatoi Express)
Northside Developments Pty Ltd v. Registrar-General
O’Keefe Nominees Pty Ltd v. BP Australia Ltd
Pont Data Australia Pty Ltd v. ASX Operations Pty Ltd 79, 286
Queensland Wire Industries Pty Ltd v. The Broken Hill
Proprietary Company Ltd and Anor 65
Qintex Australia Finance Ltd v. Schroders Australia Ltd .... 211
Re Application of Cojuangco 369
Re Taylor’s Industrial Flooring Ltd 45
Sonmez Denizcilik Ve Ticaret Anonim Sirketi v. The M.V.
Blooming Orchard (The Blooming Orchard (No. 2)).... 217
Stephenson Nominees Pty Ltd v. Official Receiver on behalf
of Official Trustee in Bankruptcy; Ex parte Roberts
(Stephenson Nominees) 102
Suncorp Insurance and Finance v. Ploner 48
Taprobane Tours W.A. Pty Ltd v. Singapore Airlines Ltd... 288
The Guide Dog Owners’ and Friends’ Association and
Gration v. The Herald and Weekly Times Ltd 369
Trade Practices Commission v. Australian Iron & Steel Pty
Trans Waste Pty Ltd v. Marsh and Downey
Zurich Australian Insurance Ltd v. Contour Mobel Pty Ltd
INDEX
VOLUME 19
ACCOUNTANTS, LIABILITY OF
common law, under
contract or tort as basis of liability, 179-181, 209
negligent misstatement
auditors, 168-169
duty of care, 170
standard of care, 171-172
disclaimers, use of
contract, in, 173-174, 209
Corporations Law, s. 704, under, 201
Corporations Law, s. 995, under, 202
effectiveness of, 177-179, 209
implied conditions and warranties under Trade Practices Act,
and, 200
misleading and deceptive conduct and, 200, 210
tort, in, 174-177, 209
Trade Practices Act, s. 68, effect under, 192-201, 209
definition of services to be provided, 195
I.C.A. exclusion clauses, 196-197
insurance, significance of, 193-194
liability to third parties, and, 196-197
prominence of disclaimer, 194-195
strength of bargaining position, 194
tort, effect of s. 68 breach under law of, 198-199
unconscionable conduct provisions under Trade Practices Act,
and, 200-201
statutory limitation on, 207-209
Trade Practices Act s. 74, under
arguments for, 202-207, 210
constitutional barriers to liability, 181-187
“consumer”, definition of, 191-192, 205
implied warranties under s. 74, 187-189
“services”, definition of, 189-191, 206, 207
ADMINISTRATIVE LAW
commercial litigator, use by
investigative powers of Australian Securities Commission,
challenging, 453-454
judicial review remedies, 450-452
statement of reasons, right to, 452-453
477
478
BANKING AND FINANCE
deregulation, effect of
House of Representatives Committee inquiry, 165
electronic funds transfer
reform in United Kingdom, 145
see also WaGES, DirRECT CREDIT AND CHEQUE PAYMENT OF
Estate Mortgage Trusts, collapse of, 137-141
failure of financial institutions
liability of licensing authorities, 33-36
Parliamentary inquiry into the Australian banking system, 3
United Kingdom reform of banking services
cheque, non-transferable, 143
cheque truncation, 144
Code of banking practice, 141
completion of payment, 144
confidentiality, duty of, 142
contributory negligence where unauthorised payment, 144
electronic funds transfer, 145
Jack Committee, 141, 146
negotiable instruments, 144
Ombudsman Scheme, 145
White Paper, 141
BANKRUPTCY NOTICES, RESISTING
application to set aside bankruptcy notice
extension of time for compliance, 432-434
grounds for, 434-437
power to make order, 430-431
procedure for, 431
timing of application, 431
application to set aside judgment, 437-438
counter-claim, set-off or cross demand
affidavit under s. 41(7) Bankruptcy Act, 445-448
extension of time for compliance, 446
nature of, 448-449
need for, 429-430
overstatement, notice of
automatic invalidity of bankruptcy notice, question of, 439-445
basis for, 438
extension of time to give, 438-439
Book REviEWwS
Anthony, S., Foreign Exchange in Practice, 159-160
Blakeney, M., Legal Aspects of the Transfer of Technology to
Developing Countries, 384
Brown, D. and Neal, D. and Farrier, D. and Weisbrot, D., Criminal
Laws, 157-159
Burton, G., Australian Financial Transactions Law, 473
Hockley, J. J., Fox: Annotated Transfer of Land Act (2nd ed.), 157
