SUPREME COURT OF QUEENSLAND
CITATION:
Mango Boulevard Pty Ltd & Anor v Mio Art Pty Ltd & Ors [2016] QCA 148
PARTIES:
MANGO BOULEVARD PTY LTD
ACN 101 544 601
(first appellant)
BMD HOLDINGS PTY LTD
ACN 010 093 348
(second appellant)
v
MIO ART PTY LTD ACN 121 010 875 as trustee of the SPENCER FAMILY TRUST
(first respondent)
SILVANA PEROVICH
(second respondent)
ROBERT WILLIAM WHITTON as trustee of the Estate of SILVANA PEROVICH (a bankrupt)
(third respondent)FILE NO/S:
Appeal No 6097 of 2015
SC No 1714 of 2011DIVISION:
Court of Appeal
PROCEEDING:
General Civil Appeal
ORIGINATING COURT:
Supreme Court at Brisbane – [2015] QSC 116
DELIVERED ON:
7 June 2016
DELIVERED AT:
Brisbane
HEARING DATE:
15 October 2015
JUDGES:
Fraser and Gotterson JJA and Dalton J
Separate reasons for judgment of each member of the Court, each concurring as to the orders madeORDERS:
Dismiss the appeal with costs.
CATCHWORDS:
PERSONAL PROPERTY – TRANSFER – CHOSE IN ACTION – APPLICATION OF STATUTORY REGIME TO ASSIGNMENTS – ELEMENTS OF STATUTORY REGIME – ABSOLUTE ASSIGNMENT – where the appellants contended that Mio Art, the first respondent, had made a statutory assignment of its right to sue for payment under an agreement to Standard Builders Pty Ltd – where the appellants alleged the assignment took effect in accordance with s 199 of the Property Law Act 1974 (Qld) – where the trial judge found that there was no ‘absolute assignment not purporting to be by way of charge only’ – where the appellants argued that the effect of the first respondents agreement with Standard Builders Pty Ltd was an absolute, unconditional assignment of the debt – where the relevant agreement used the words ‘assign’ and absolutely – where, pursuant to the relevant agreement, unless and until the first respondent defaulted all moneys in respect of the secured assets were to be received by it – whether there was an absolute assignment of the debt
PERSONAL PROPERTY – TRANSFER – CHOSE IN ACTION – APPLICATION OF STATUTORY REGIME TO ASSIGNMENTS – ELEMENTS OF STATUTORY REGIME – NOTICE AND WRITING – where the appellants contended that Mio Art, the first respondent, had made a statutory assignment of its right to sue for payment under an agreement to Standard Builders Pty Ltd – where the appellants alleged the assignment took effect under s 199 of the Property Law Act – where a judge of the trial division held that if there was such an assignment it was not effective because of the absence of the required ‘express notice in writing’ – where the appellant argued that notice was given via its receipt of a copy of a letter to Standard Builders from its solicitor referring to a (separate) dispute between Standard Builders and the appellants – where the appellants alleged that notice was also given by the first respondent’s disclosure of the relevant agreement in separate litigation involving the parties – where the appellants argued that notice was also given by a…
Keep reading for free
Create a free CaseChat account to read Mango Boulevard Pty Ltd v Mio Art Pty Ltd and more:
- Read every judgment in full
- Ask AI and get answers linked to paragraphs
- See how each paragraph was cited in later cases
- Download judgments as PDF or Word
One click creates your free account or signs you in.
By continuing you agree to the Terms and Privacy Policy.
- Case
- [2016] QCA 148
- Decision Date
CaseChat Overview and Summary
The court examined the language of the security agreement and found that it did not constitute an absolute assignment, as the agreement provided that moneys in respect of the secured assets were to be received by Mio Art until a default occurred. This was inconsistent with the characteristics of an absolute assignment. Additionally, the court assessed the sufficiency of the notice provided to the debtor. It held that the statutory notice requirement under section 199 of the Property Law Act 1974 (Qld) necessitates "express notice in writing" that conveys an intention to notify the debtor of the assignment and draws their attention to the fact of the assignment. The court concluded that the documents provided by the appellants did not meet this standard, as they did not expressly or by implication draw the debtor's attention specifically to the fact of the assignment.
The court dismissed the appeal, holding that there was no absolute assignment and that the statutory notice requirement was not satisfied. The final orders of the court were to dismiss the appeal with costs.
Orders
Orders of the court
Dismiss the appeal with costs.
Background
Background to the litigation
Evidence
Evidence Before The Court
Full text does not contain this section.
Decision
Reasons for decision
Full text does not contain this section.
Ratio Decidendi
Legal Principle Established
Full text does not contain this section.