mel uni tutorial

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Melbourne University Law Students’ Society Tutorial Service:  Sponsoring Partners:  Clayton Utz Mallesons Stephen Jaques Leo Cussen Institute 730 -366 – Property Tutorial No. 3 23 April 2009 Topic 6 – Formalities: Equitable interest and Torrens Creating a proprietary interest Formalities Substantive requirements Jing Chang x.chang2@ugrad.unimelb.edu.au DISCLAIMER: These tutorials and the notes are designed to  assist  students in their learning. The  tutorials and the notes are not a substitute for the course material, nor should they be  relied upon as representative of the subject matter of the course. Neither the Melbourne  University Law Students’ Society nor the student tutor of these tutorials will take  responsibility for any consequences flowing from the use of the material provided in the 
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Legal estate or interest Torrens land: o Registration of an instrument makes it legal: TLA s 40 o Some limited exceptions: short lease of less than 3 yrs still legal Equitable estate or interest Equitable interests cannot be registered s 37 Caveat provisions available to protect unregistered interests s 89 Equitable proprietary interests can arise in the Torrens system prior to registration ( Barry v Heider ) Barry v Heider o Griffiths CJ: The TLA itself contains exceptions which enables creation of equitable interests Equitable interest arises b/c there is an instrument of mortgage in registrable form o Isaacs J: (preferred view) Registration system doesn’t affect ordinary operation of equitable principles Equitable interest arises b/c of agreement b/w parties TLA does not touch on the form of contracts and the obligation to fulfil the contract will depend on the ordinary principles and rules of law and equity except as expressly or necessarily modified by the Act Formalities for equitable interests Can be created by a specifically enforceable agreement o Ie. an equitable remedy is available to enforce the agreement Need to have some form of writing to create any interest in land PLA s 53 o Instruments Act s 126 Writing Can be a note or memo Jing Chang x.chang2@ugrad.unimelb.edu.au
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Must contain all terms for the contract to be certain Signature Typed/printed/mark by the party to be charged Must show acknowledgment of the document Applies to: sales, leases, mortgages and options Exceptions to the writing requirement: PLA s 53(2) o Implied/constructive trusts PLA s 55 (d) o Doctrine of part-performance o Equity will not permit a statute to be used as an instrument of fraud Equitable interests Equitable interest arises if there is an equitable remedy to enforce it (eg. specific performance or an injunction) Specifically enforceable contract for Sale of Land Doctrine of conversion o Based on Walsh v Lonsdale principles that equity will regard done that which
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