Re Dion Investments Pty Ltd [2013] NSWSC 1941

WTLR Issue: October 2014 #143

In the matter of: RE DION INVESTMENTS PTY LTD

Analysis

The Dion Family Trust was set up by deed as a discretionary trust in Papua New Guinea in August 1973 when Papua New Guinea was an external territory of Australia. It contains the following clause:

Counsel details

Dennis Barlin (13 Wentworth Selbourne Chambers, 13/180 Phillip Street, Sydney NSW 2000, DX 394 Sydney, tel 61 2 9232 7750, fax 61 2 9232 4071) for the plaintiff.

Cases referenced

Cases in bold have further reading - click to view.

  • Arakella Pty Ltd v Paton [2004] NSWSC 13, 60 NSWLR 334
  • Augustus v Permanent Trustee Co (Canberra) Ltd (1971) 124 CLR 245, [1971] ALR 661, Aus HC
  • BTA Institutional Services Australia Ltd, Re [2009] NSWSC 1294, (2009) 3 ASTLR 207
  • Chapman v Chapman [1954] UKHL 1
  • Constantinou, Re [2012] QSC 332, [2013] 2 Qd R 219, (2012) 271 FLR 276
  • Cosaf Pty Ltd, Re (18 December 1992, unreported), NSW SC
  • Crawshay, Re (1888) 60 LT 357
  • Downshire's Settled Estates, Re [1953] 1 All ER 103, [1953] Ch 218, CA
  • James N Kirby Foundation v A-G (NSW) [2004] NSWSC 1153, (2004) 62 NSWLR 276
  • Kearns v Hill (1990) 21 NSWLR 107, NSW CA
  • Ker's Settlement Trusts, Re [1963] 1 All ER 801, [1963] Ch 553
  • Ku-Ring-Gai Municipal Council v A-G (1954) 55 SR (NSW) 65, NSW SC; affg (1953) 19 LGR (NSW) 105
  • McNaughton, Re (8 December 1994, unreported), NSW SC
  • National Newark & Essex Banking Co v Rosahl (1925) 128 A 586, NJ Ch
  • NM Superannuation Pty Ltd v Hughes (5 March 1996, unreported), NSW SC
  • Perpetual Trustees Victoria Ltd v Barns [2011] VSC 314, (2011) 7 ASTLR 349
  • Philips New Zealand Ltd, Re [1997] 1 NZLR 93, NZ HC
  • Riddle v Riddle (1952) 85 CLR 202, [1952] ALR 167, Aus HC
  • Saliba v Falzon (1 July 1988, unreported), NSW SC
  • Salkeld v Salkeld (No 2) [2000] SASC 296
  • Stein v Sybmore Holdings [2006] NSWSC 1004, 9 ITELR 258
  • Walker, Re [1901] 1 Ch 879
  • Webb's Estate, Re (1992) 57 SASR 193, Aus SC
  • Westfield Qld No 1 Pty Ltd v Lend Lease Real Estate Investments Ltd [2008] NSWSC 516, (2008) 1 ASTLR 525

Legislation referenced

Legislation in bold has further reading - click to view.

  • Conveyancing Act 1919 (NSW)
  • Papua New Guinea Act, s47
  • Statute of Uses 1535 (27 Hen VIII, c 10)
  • Trustee Act 1925 (NSW), s81
  • Trustee Act 1936 (SA)
  • Trustee and Executors Act 1961, Ch 289, s47
  • Variation of Trusts Act 1958 (UK), s1