Supreme Court
New South Wales
Medium Neutral Citation: Application under Part IV of the Trustee Act 1925 (NSW); ex parte Dominic Ziino [2018] NSWSC 1625 Hearing dates: 26 October 2018 Decision date: 26 October 2018 Jurisdiction: Common Law Before: Adamson J Decision: See paragraph [30]
Catchwords: REAL PROPERTY – co-ownership as joint tenants – one party contributed nothing to purchase of property – property sold by mortgagee and monies paid into court – appropriate relief to recognise equity of applicant – declaration that proceeds held on trust for the sole benefit of the applicant – order for payment out of court made Legislation Cited: Real Property Act 1900 (NSW), s 58
Supreme Court Rules 1970, Pt 70, rr 11, 12
Trustee Act 1925 (NSW), Pt 4
Uniform Civil Procedure Rules 2005 (NSW), rr 41.3, 41.8Cases Cited: Arrow Custodians Pty Ltd v Pine Forests of Australia Pty Ltd [2008] NSWSC 839
Axon v Axon (1937) 59 CLR 395; [1937] HCA 80
Bofinger v Kingsway Group Ltd (2009) 239 CLR 269; [2009] HCA 44
Calverley v Green (1984) 155 CLR 242; [1984] HCA 81
Corin v Patton (1990) 169 CLR 540; [1990] HCA 12
Muschinski v Dodds (1985) 160 CLR 583; [1985] HCA 78
Public Trustee v Pfeiffle [1991] 1 VR 19
Residential Housing Corporation v Esber (2011) 80 NSWLR 69; [2011] NSWCA 25
Ross v NRMA Life (1993) 7 ANZ Ins Cas 61-170
Scott v Scott [2009] NSWSC 567Category: Principal judgment Parties: Westpac Banking Corporation (Plaintiff)
Dominic Michael Ziino (Applicant)
Julie Young (Third Party)Representation: Solicitors:
H A Miedzinski Lawyers (Applicant)
File Number(s): 2004/181625 Publication restriction: None
Judgment
Introduction
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By amended notice of motion filed on 5 October 2018, Dominic Ziino (the applicant) seeks orders and declarations that the balance of funds which were paid into court by Westpac Banking Corporation (Westpac), together with interest, be paid to him.
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Westpac paid the funds into court in 2004 after it had sold a property, as mortgagee, of which the applicant and his co-owner, Julie Young were registered proprietors as joint tenants.
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In order to address the question whether the applicant is entitled to the relief sought it is necessary to summarise the evidence, all of which is uncontroverted.
Facts
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In about 2002 the applicant and Ms Young began a romantic relationship in the course of which the applicant stayed overnight with Ms Young at a home she rented in Beverly Hills where she lived with her two children from a previous relationship. When the applicant mentioned to Ms Young that he was saving for a deposit to buy a home, she suggested that they use his funds to pay the deposit on a home which they could buy and live in together. She agreed that she would pay half the mortgage repayments. At that time she was working in a Vietnamese restaurant and had a connection with a beauty salon in Marrickville.
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The applicant and Ms Young applied to Westpac for a loan to…
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- Case
- [2018] NSWSC 1625
- Decision Date
CaseChat Overview and Summary
The central legal issue was whether the applicant's equity in the property could be recognised by declaring that the proceeds held by the court were held on trust for the sole benefit of the applicant. The court considered whether the applicant's contributions to the property, both financial and otherwise, were sufficient to establish an equitable interest in the property. The court also considered whether the father's contribution to the purchase price was nominal, and whether the applicant's contributions were sufficient to establish a resulting trust in his favour.
The court found that the applicant's contributions to the property, both financial and otherwise, were sufficient to establish an equitable interest in the property. The court also found that the father's contribution to the purchase price was nominal, and that the applicant's contributions were sufficient to establish a resulting trust in his favour. The court therefore made a declaration that the proceeds held by the court were held on trust for the sole benefit of the applicant. The court also made an order for payment out of court to the applicant in recognition of his equity in the property.
This case highlights the importance of considering both financial and non-financial contributions when determining the equitable interests of co-owners in a property. It also demonstrates the court's willingness to recognise the equity of a party who has made significant contributions to a property, even if that party did not contribute financially to the purchase price.
Orders
Orders of the court
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Background
Background to the litigation
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Evidence
Evidence Before The Court
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Decision
Reasons for decision
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Ratio Decidendi
Legal Principle Established
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