Ta Lee Investment Pty Ltd v Antonios

[2019] NSWCA 24

NSW Court of Appeal

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Interrogate

Catchwords

1. Real Property
2. › Torrens system
3. › Indefeasibility of title
4. › Registered proprietor
5. › Whether appeal futile where respondent is registered proprietor
6. › Whether exceptions to indefeasibility applied
7. › Whether personal equity arose against registered proprietor
8. › Real Property Act 1900 (NSW), s 42
1. Real Property
2. › Caveats
3. › Caveatable interest
4. › Contractual right to lodge caveat
5. › Whether contractual right to lodge caveat created equitable interest
6. › Whether equitable charge arose by implication
7. › Real Property Act 1900 (NSW), s 74F
1. Contract
2. › Implied terms
3. › Terms implied in fact
4. › Business efficacy
5. › Whether term should be implied extending right to caveat individual strata lots
6. › BP Refinery (Westernport) Pty Ltd v Shire of Hastings (1977) 180 CLR 266
1. Contract
2. › Formation
3. › Whether parties entered into contract for sale of land
4. › Form of contract
5. › Whether reconstructed contract constituted the contract entered into

Quick Take

Practitioners drafting loan agreements should note that a contractual right to lodge a caveat will not, without more, create an equitable charge — express security provisions are required.