JABW Pty Ltd
[2025] NSWSC 1282
Citation 1
(Para 4)
…t is appropriate for the trustees to adhere to and to carry out the trust. As the High Court said in Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 at [32] “[p]erhaps the most important duty of a trustee is to obey the terms of the trust”; and as Barrett JA (Beazley P and Gleeson J…
Moyle v Quarles [No 3]
[2025] WASC 443
Citation 2
…4, 592; 61 ER 1026 Wilson v Arwon Finance Pty Ltd [2020] WASCA 137 Wright v Lemon [2024] WASCA 19 Youyang Pty Limited v Minter Ellison [2003] HCA 15; (2003) 212 CLR 484 Zevering v Callaghan [2011] QCA 180…
Lin v Chu
[2025] FCAFC 130
Citation 3
(Para 23)
…Enterprises Ltd v Boughton & Co [1991] 3 SCR 534 at 543 (quoted with approval in Youyang Pty Limited v Minter Ellison Morris Fletcher [2003] HCA 15; (2003) 212 CLR 484 at [40]) said: The basis of the fiduciary obligation and the rationale for equitable compensation are distinct from the tort of negligence and contra…
Special Gold Pty Ltd (in liq) v Dyldam Developments Pty Limited (subject to a Deed of Company Arrangement) (No 2)
[2025] FCA 825
Citation 4
(Para 16)
…[2001] HCA 31; (2001) 207 CLR 165 at [74] (McHugh, Gummow, Hayne and Callinan JJ); Youyang Pty Ltd v Minter Ellison Morris Fletcher [2003] HCA 15; (2003) 212 CLR 484 at [41] (Gleeson CJ, McHugh, Gummow, Kirby and Hayne JJ); Friend v Brooker [2009] HCA 21; (2009) 239 CLR 129 at [84] (French CJ, Gummow, Hayne and Bell…
Bad Wolf Purchasing Pty Ltd (as trustee for the Du Bray Property Trust) v Du Bray and Associates Pty Ltd
[2025] FCA 814
Citation 5
(Para 18)
…trust” “in all things great and small, important, and seemingly unimportant”: Youyang Pty Ltd v Minter Ellison Morris Fletcher [2003] HCA 15; (2003) 212 CLR 484 at [32] and [33]. In acting, a trustee gives “substantial and valuable consideration” for amounts paid over to be held upon the terms of a trust: Cook v Bens…
Tekin v Stratford
[2025] NSWSC 541
Citation 6
…national (Australia) Pty Ltd (2023) 111 NSWLR 132; [2023] NSWCA 48 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2005] HCA 15 Category: Principal judgment Parties: Celal Tekin (Plaintiff) Phillip Norman Stratford (First Defendant) Denis Gordon Low (Second Defendant) Kelvin Reginald Low (Third…
In the matter of Gerringong Storage Pty Ltd
[2025] NSWSC 302
Citation 7
…A 23 - Wayde v New South Wales Rugby League Ltd (1985) 180 CLR 459; [1985] HCA 68 - Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484 Category: Principal judgment Parties: Carla Ruth Quine (Plaintiff/Cross-Defendant) Gerringong Storage Pty Ltd (First Defendant) Andrew James Scott (Second Defendant/S…
Rangelea Holdings Pty Ltd v Adnyamathanha Traditional Lands Association
[2025] SASCA 32
Citation 8
…0] AC 583; Wik Peoples v Queensland (1996) 187 CLR 1; Wright v Stevens [2018] NSWSC 548; Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; Yungngora Association [2007] WASCA 233, considered.…
Brady v NULIS Nominees (Australia) Limited in its capacity as trustee of the MLC Super Fund (No 4)
[2024] FCA 1374
Citation 9
…n Super Pty Ltd v Poulter (2006) 154 FCR 185 Wareham v Marsella (2020) 61 VR 262 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484 JD Heydon, Cross on Evidence (14th Aust ed, LexisNexis Butterworths, 2024) JD Heydon and MJ Leeming, Jacobs’ Law of Trusts in Australia (8th ed, LexisNexis Butterworths,…
Gerrard Toltz Pty Ltd v City Garden Australia Pty Ltd (in liq) (No 2)
[2024] NSWCA 232
Citation 10
…lia) Pty Ltd (2023) 111 NSWLR 132; [2023] NSWCA 48 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 Zakka v Elias [2013] NSWCA 119 Texts Cited: A Scalia and B Garner, Reading Law: The Interpretation of Legal Texts (2012, Thomson/West) B McDonald and JW Carter, “The Lottery of Contrac…
In the matter of Asbestos Injuries Compensation Fund Limited (and WorkCover Queensland)
[2024] NSWSC 1163
Citation 11
(Para 12)
…advice sought, “Perhaps the most important duty of a trustee is to obey the terms of the trust”: Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484 at [32]. The submissions made on this application demonstrate that the terms of the trust as it applies to the current controversy are open to debate. Th…
Turnbull v Fleming
[2024] NSWSC 918
Citation 12
(Para 37)
…12; [1965] AC 694 at 707 (Viscount Radcliffe, Lords Reid, Evershed, Pearce and Upjohn) (Livingston); Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 (Youyang) at [32] (Gleeson CJ, McHugh, Gummow, Kirby and Hayne JJ); G E Dal Pont, Law of Succession (3rd ed, 2021, LexisNexis) at [12.…
TJ v The Public Trustee of Queensland
[2024] QCA 137
Citation 13
(Para 4)
…ustained but for the breach.[15] [15] Target Holdings Ltd v Redferns [1996] AC 421 at 434; Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484 at [46] per Gleeson CJ, McHugh, Gummow, Kirby and Hayne JJ; Agricultural Land Management Ltd v Jackson (No 2) [2014] WASC 102 at [394]-[396] per Edelman J (the…
Chu v Lin, in the matter of Gold Stone Capital Pty Ltd (Trial Judgment)
[2024] FCA 766
Citation 14
…R 279 Youyang Pty Ltd v Minter Ellison Morris Fletcher [2003] HCA 15; (2003) 212 CLR 484 Zibara v Ultra Management (Sports) Pty Ltd [2021] FCAFC 4 Cohen, Jonathan, The Probable and the Provable (Oxford University Press, 1977) Hodgson, DH, “The Scales of Justice: Probability and Proof in Legal Fact Finding” (1995) 69…
Flynn v PPK Mining Equipment Pty Ltd (No 3)
[2024] NSWSC 663
Citation 15
(Para 126)
…be compensated : Canson Enterprises Ltd v Boughton & Co (1991) 85 DLR (4th) 129 at 163, followed in Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 at [35]. Just as with the assessment of common law damages, the Court may discount or adjust the amount of compensation akin to a Sell…
Pirrottina v Pirrottina
[2024] NSWSC 558
Citation 16
(Para 236)
…be compensated : Canson Enterprises Ltd v Boughton & Co (1991) 85 DLR (4th) 129 at 163, followed in Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 at [35]. The amount of compensation is to be assessed at the time of trial, with the full benefit of hindsight and common sense, not a…
Karri Country Produce Pty Ltd as trustee for the Franceschi Trust v Advance Packing & Marketing Services Pty Ltd as trustee for the APMS Unit Trust [No 3]
[2024] WASC 151
Citation 17
…Ltd [2011] WASCA 146, (2011) 6 ASTLR 446 Wilden Pty Ltd v Green (2009) 38 WAR 429; [2009] WASCA 38 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15…
Jaken Properties Australia Pty Ltd v Anthony Naaman
[2024] NSWSC 216
Citation 18
(Para 38)
…ment interest in respect of both claims. In relation to equitable compensation, see eg Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 at [31], [71]. Recent examples of pre-judgment interest being awarded in relation to claims under s 37A of the Conveyancing Act are Fitz Jersey Pty…
Morgan, in the matter of Traditional Values Management Limited (in liq)
[2024] FCA 74
Citation 19
(Para 1)
…things great and small, important, and seemingly unimportant”: see Youyang Pty Ltd v Minter Ellison Morris Fletcher [(2003) 212 CLR 484 at [33]]. The fact that such breaches can now be excused under s 67 of the Trustee Act 1958 was there noted by the High Court as indicating merely the strictness of the obligation a…
Global Risk Alliance Group Services Pty Ltd v Harmer
[2024] NSWSC 79
Citation 20
…CLR 661; [1985] HCA 65 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 Texts Cited: J D Heydon, Heydon on Contract (2019, Thomson Reuters) Category: Principal judgment Parties: Global Risk Alliance Group Services Pty Ltd (First Plaintiff) Aerosafe Risk Management Pty Ltd (Second Pla…
City Garden Australia Pty Ltd (in administration) as trustee for the Ming Tian City Garden Unit Trust v Meng Dai
[2023] NSWSC 1498
Citation 21
(Para 501)
…o be compensated: Canson Enterprises Ltd V Boughton & Co (1991) 85 DLR (4th) 129 at 163, followed in Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 at [35]; Jackson & Powell Professional Liability at 3-019 to 3-020 citing Rama v Millar [1996] 1 NZLR 257 at 260 (per Lord Nicholls);…
Mao v Bao
[2023] NSWCA 278
Citation 22
(Para 1)
…Augarita Porcupine Mines Ltd [1952] 3 DLR 1; Regal (Hastings) Ltd v Gulliver [1967] 2 AC 134; Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15, discussed. Re Dawson (deceased) ; Union Fidelity Trustee Co Ltd v Perpetual Trustee Co Ltd [1966] 2 NSWR 211; Boardman v Phipps [1967] 2 AC…
Salmon v Albarran
[2023] NSWSC 1238
Citation 23
…2006] NSWSC 1102 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 Texts Cited: H Picarda, The Law Relating to Receivers, Managers and Administrators (2nd ed, 1990, Butterworths) P Finn, “Contract and the Fiduciary Principle” [1989] UNSWLJ 76 Category: Principal judgment Parties: Owen…
In the Application of Nyasa No. 19 Pty Ltd
[2023] NSWSC 578
Citation 24
…C 1493 In the application of NSW Trustee and Guardian [2014] NSWSC 423 Saunders v Vautier (1841) 41 ER 482 Youyang Pty Ltd v Minter Ellison (2003) 212 CLR 484; [2003] HCA 15 Category: Principal judgment Parties: Nyasa No. 19 Pty Ltd (Plaintiff) Representation: Counsel: D Barlin (Plaintiff) Solicitors: O’Brien Connors…
Xiao v BCEG International (Australia) Pty Ltd
[2023] NSWCA 48
Citation 25
…lies Pty Ltd v Clem Court Pty Ltd [2014] VSC 439 Youyang Pty Limited v Minter Elllison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 Texts Cited: Meagher, Gummow and Lehane’s Equity: Doctrine and Remedies (5th Ed, 2015, Lexis Nexis Butterworths) Category: Principal judgment Parties: Yu Xiao (First appellant) Yan…
R v Clark
[2023] SASCA 15
Citation 26
(Para 8)
…AC 100 at 111. [22] A-G (UK) v Downing (1767) 97 ER 1 at 9; Raby v Ridehalgh (1855) 44 ER 41 at 43; Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484 at [32]. [23] Elder’s Trustee and Executor Company Limited v Higgins (1963) 113 CLR 426 at 449 (Dixon CJ, McTiernan and Windeyer JJ); ss 7 and 9 of t…
Carrington v Wallace
[2022] NSWSC 1078
Citation 27
(Para 326)
…as her Ladyship was then – there in dissent but whose reasoning was endorsed by the High Court in Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 ( Youyang ) (at [35]; see also at [50])). It is noted that the object of equitable compensation is to restore persons who have suffered…
BCEG International (Australia) Pty Ltd v Xiao
[2022] NSWSC 972
Citation 28
…p Pty Ltd v Sklash Pty Ltd [2006] VSCA 109 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 Texts Cited: Wigmore, JH, Wigmore on Evidence (3rd ed., 1940, Little, Brown and Co.) Ritchie’s Uniform Civil Procedure NSW (LexisNexis, looseleaf) Heydon, JD and Leeming, MJ, Jacobs’ Law of Tr…
ACN 002 402 146 Pty Ltd (manager appointed) (in liq) (formerly known as Tome Bros Pty Ltd) v Ken Crossman & Co Pty Ltd
[2022] FCA 749
Citation 29
(Para 7)
…aries of the Trust Accounts for the misappropriated funds crystallised at that time: Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484 at [25], [34]-[35], [50], [63], [69] (Gleeson CJ, McHugh, Gummow, Kirby and Hayne JJ); (h)Tome’s position as a trustee meant that defalcations from the Trust Account…
HBSY Pty Ltd v Lewis
[2022] NSWSC 841
Citation 30
(Para 46)
…See also Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 at [69].…
Gritzman v McRae
[2022] NSWSC 745
Citation 31
…ns [2018] NSWSC 548 Wyman v Paterson [1900] AC 271 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 Texts Cited: G Jones, “Delegation by Trustees: A Reappraisal” (1959) 22 Modern Law Review 381 H Ford and W Lee, Laws of Trusts (4th ed, 2010, Thomson Reuters J Edelman, Gain-Based Dama…
Anderson v Canaccord Genuity Financial Ltd
[2022] NSWSC 58
Citation 32
…uyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 Zakka v Elias [2013] NSWCA 119 Texts Cited: A Stafford QC and S Ritchie Q, Fiduciary Duties: Directors and Employees (2nd ed, 2015, Jordan Publishing Limited) HG Beale, Chitty on Contracts (Sweet & Maxwell, 33rd ed, 2018) Devonshire and…
In the matter of ZH International Pty Ltd (in liquidation)
[2022] NSWSC 2
Citation 33
(Para 254)
…t 216; In the matter of Purcom No 34 Pty Ltd (In Liq) (No 2) [2010] FCA 624 at [23(3)], referring to Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 at [35]. Equitable compensation was sought in the current value of the properties (being $6.62 million as at 17 May 2021), also accoun…
Wang v Cai
[2021] NSWSC 1162
Citation 34
…] NSWSC 548 Wynne v Humberston (1858) 27 Beav 421; 54 ER 165 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 Texts Cited: Campbell, J, “Access by Trust Beneficiaries to Trustees’ Documents Information and Reasons ” (2009) 3 Journal of Equity 97 D’Angelo, N, “The trust as a surrogate…
Re Earth Civil Australia Pty Ltd
[2021] NSWSC 966
Citation 35
…23 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 Texts Cited: Austin Dr Robert and Black J - Austin & Black’s Annotations to the Corporations Act (LexisNexis Australia) Dal Pont and Chalmers, Equity and Trusts in Australia (4 th ed, 2007, Lawbook Co) Elliot, S and C Mitchell, “Re…
Hall v Carney (No 3)
[2021] SASCA 37
Citation 36
(Para 14)
…the terms of the trust has been described as “perhaps the most important duty” of a trustee: Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484, [32]. [20] Guardian Trust and Executors Company of New Zealand Ltd v Public Trustee of New Zealand [1942] AC 115, 127 (Lord Romer delivering the judgment of…
Australian Executor Trustees (SA) Limited v Kerr
[2021] NSWCA 5
Citation 37
…as (1988) 180 CLR 491; [1988] HCA 12 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 Texts Cited: Benjamin on Sale of Goods (8th ed, 2010, Sweet & Maxwell) E Sykes and S Walker, The Law of Securities (5th Ed, 1993, Law Book Co) J D Heydon, M J Leeming and P G Turner, Meagher, Gummow…
Pittmore Pty Ltd v Chan
[2020] NSWCA 344
Citation 38
…[1985] HCA 65 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 Texts Cited: P Davies, Accessory Liability (Hart Publishing, 2015) J Dietrich, “The Liability of Accessories under Statute, in Equity, and in Criminal Law: Some Common Problems and (Perhaps) Common Solutions” (2010) 34(1)…
Dalian Huarui Heavy Industry International Company Ltd v Clyde and Co Australia (A Firm) [No 4]
[2020] WASC 433
Citation 39
(Para 3)
…That approach has been endorsed by the High Court of Australia in Youyang Pty Ltd v Minter Ellison Morris Fletcher [2003] HCA 15; (2003) 212 CLR 484. See Youyang at [50], endorsing observations of Lord Browne-Wilkinson from Target Holdings at page 437, as follows: [T]he fact that there is an accrued cause of action a…
Du v Georgiadis
[2020] VSCA 306
Citation 40
(Para 1)
…dis was entitled to elect instead to claim damages under s 38 of the Supreme Court Act . [5] Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484, 500–1 [38]–[40] (Gleeson CJ, McHugh, Gummow, Kirby and Hayne JJ); Target Holdings Ltd v Redferns [1996] AC 421, 435 (Lord Browne-Wilkinson); GM & AM Pearce…
Wollongong Coal Ltd v Gujarat NRE Properties Pty Ltd
[2020] NSWSC 254
Citation 41
…Youyang Pty Ltd v Minter Ellison Morris Fletcher [2003] HCA 15; (2003) 212 CLR 484 Texts Cited: Conaglen, Matthew, “Brickenden” in Simone Degeling and Jason N. E. Varuhas (eds), Equitable Compensation and Disgorgement of Profit (Hart Publishing, 2017) Conaglen, Matthew, “Equitable Compensation for Breach of Fiduciary…
Blong Ume Nominees Pty Ltd v Semweb Nominees Pty Ltd
[2019] SASCFC 151
Citation 42
…012] NSWCA 383; Canson Enterprises Ltd v Boughton & Co [1991] 3 SCR 534; Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; Maguire v Makaronis (1997) 188 CLR 449; Houghton v Immer (No 155) Pty Ltd (1997) 44 NSWLR 46; Libertarian Investments Ltd v Hall (2013) HKCFAR 681; Farah Constructions Pty Ltd…
Equititrust Limited v Tucker and Others (No 2)
[2019] QSC 248
Citation 43
(Para 16)
…The plaintiff does not cavil with the principle, affirmed in Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484 at [35] and [50] that the quantum of compensation for breach of trust is to be assessed at the time of trial, taking into account all the circumstances then pertaining in determining the am…
Kerr v Australian Executor Trustees (SA) Ltd
[2019] NSWSC 1279
Citation 44
…5; [2004] HCA 52 Waimond Pty Ltd v Byrne (1989) 18 NSWLR 642 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 Texts Cited: E Sykes and S Walker, The Law of Securities, (5th ed, 1993, Law Book Co) J D Heydon, M J Leeming and P G Turner, Meagher, Gummow & Lehane’s Equity: Doctrines & R…
Staatz v Berry, in the matter of Wollumbin Horizons Pty Ltd (in liq) (No 3)
[2019] FCA 924
Citation 45
(Para 21)
…sequences that follow are not matters which need to be considered in these reasons: cf Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484, 498 [32]-[33], 499 [35]. The failure of the commune…
Australian Securities and Investments Commission v Lewski
[2018] HCA 63
Citation 46
(Para 5)
…Ltd (2011) 84 ACSR 600. [48](2012) 36 VR 507 at 514 [26]. [49](2012) 36 VR 507 at 517 [40]. See also Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484 at 498 [32]; [2003] HCA 15. [50](2012) 36 VR 507 at 517 [41], citing Eagle Star Trustees Ltd v Heine Management Ltd (1990) 3 ACSR 232.…
Ancient Order of Foresters in Victoria Friendly Society Ltd v Lifeplan Australia Friendly Society Ltd
[2018] HCA 43
Citation 47
(Para 12)
…the equitable obligation breach of which is to be vindicated by the remedy that is sought[91]. [91] Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484 at 502 [44]; [2003] HCA 15.…
Lewis Securities Ltd (in liq) v Carter (No 2)
[2018] NSWCA 159
Citation 48
(Para 53)
…anies and their bank accounts, in the case of Mr Miller). The position recalls that of the law firm in Youyang v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15, which was liable when trust monies were paid out in breach of trust: see at [32], [43] and [69]. True it is that equity does not ignore sub…
Lewis Securities Ltd (in liq) v Carter
[2018] NSWCA 118
Citation 49
(Para 5)
…r Lewis to Mrs Malone. This aspect was scarcely argued. Target Holdings v Redferns [1996] AC 421 and Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484; [2003] HCA 15 were mentioned in one sentence of Mr Miller’s submissions and the point was undeveloped orally. In those circumstances, I prefer not t…
Investa Properties Pty Ltd v Nankervis (No 9)
[2018] FCA 793
Citation 50
(Para 11)
…he full benefit of hindsight and common sense, not at the date of breach: Youyang Pty Limited v Minter Ellison Morris Fletcher [2003] HCA 15; (2003) 212 CLR 484 at [35]; Re Dawson (deceased); Union Fidelity Trustee Co Ltd v Perpetual Trustee Co Ltd [1966] 2 NSWR 211 at 216; O’Halloran v RT Thomas & Family Pty Lt d [1…