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Re Dawson (decd); Union Fidelity Trustee Co Ltd v Perpetual Trustee Co Ltd

[1966] 2 NSWR 211; (1966) 84 WN (Pt 1) (NSW) 399
JurisdictionAustralia
CourtSupreme Court of New South Wales (Equity Division)
Year1966
StatusPersuasive authority

Key Principle

Where a trustee misapplies trust property, the obligation is to restore the trust fund itself; the trustee bears subsequent adverse fluctuations (e.g. currency movements) and compensation is assessed at the date of restoration, not the date of breach.

Area of Law

e

Related Cases

Koorootang Nominees Pty Ltd v Australia and New Zealand Banking Group Ltd [1998] 3 VR 16
Nelson v Nelson [1995] HCA 25; (1995) 184 CLR 538
Legione v Hateley [1983] HCA 11; (1983) 152 CLR 406

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