Australian Property Law
Table of Contents d 5 Torrens Title Lan Introduction 5 Principle of Indefeasibility 5 Key Provisions (RP Act) 5 Deferred v immediate indefeasibility 6 Frazer v Walker 1967 6 Breskvar v Wall (1971) 7 What will attract indefeasibility? 8 Leases: 9 Mercantile Credits Ltd v Shell Co of Australia Ltd (1976) 9 Karacominakis v Big Country Developments (2000) 11 Mortgages: 11 Yazgi v Permanent Custodians Ltd (2007) 11 Volunteers 12 Bogdanovic v Koteff (1988) 12 Rasmussen v Rasmussen [1995] 13 Exceptions to Indefeasibility 14 Fraud Exception: 15 Loke Yew v Port Swettenham Rubber Co Ltd [1913] 15 Assets Co Ltd v Mere Roihi [1905] 16 Schultz v Corwill Properties (1969) 16 Russo v Bendigo Bank Ltd (1993) 17 The In Personam Exception 18 Bahr v Nicolay (No 2) (1988) 18 Mercantile Mutual Life Insurance Co Ltd v Gosper (1991) 20 Vassos v State Bank of South Australia (1993) 20 Special equity cases: 21 Personal equity and breach of trust: 22 Personal Equities and Mistake 23 OTHER EXCEPTIONS; OVERRIDING STATUTES 23 The Register, equitable interests and caveats 26 The Register 26 Bursill Enterprises Pty Ltd v Berger Bros Trading Co Pty Ltd 26 White v Betalli [2007] NSWCA 243 27 Equitable interests and unregistered instruments 27 Barry v Heider (1914) 19 CLR 197 28 The caveat provisions 30 Caveatable interest: 31 Requirements for caveats: 32 Removal of caveat 34 Caveats lodges without reasonable cause: 34 Bedford properties Pty Ltd v Surgo 35 Kerabee park Pty Ltd v Daley [1978] 36 Eng Mee Yong v Letchumanan [1980]: 36 Priorities: 37 Competing Equitable interests 38 Abigail v Lapin [1934] AC 491. 38 Butler v Fairclough (1917) 40 Heid v Reliance Finance Corp Pty Ltd (1983) 40 J & H Just (Holdings) Pty Ltd v Bank of NSW (1971) 41 Moffett v Dillon (1999) 43 Protection for the purchaser before registration in New South Wales 45 Concurrent ownership 47 Joint Tenancy 47 Tenancy in