Equity - Trusts and trustees - Constitution and classification of trusts generally - Powers, duties, rights and liabilities of trustees - Liability for breach of trust - Liability for interest.
Wallersteiner v Moir (No 2) [1975] 1 All ER 849; followed.
Hagan & Ors v Waterhouse (1991) 34 NSWLR 308; iWave Pty Ltd v Break O'Day Business Enterprise Board Inc [2004] TASSC 43, considered.