Hypec Electronic v Registrar-General (No 3) [2008] NSWSC 167

Mead and Yang borrowed on a mortgage from the CBA. Yang used money from a consortium of investors to pay the CBA for a transfer of the mortgage into her name. This was done improperly and as the judge held that she held the mortgage on trust for the investors – the transfer did not act (as it normally would) to extinguish the debt.

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