Quilter & Richards v Gandfors Pty Ltd & Anor

Defence Prep NOI: 28 days High Stakes

BS 1849/26 — Case Overview

Trustee breach of trust claim arising out of FY2004–FY2013 income distributions allegedly never paid to stepchildren beneficiaries.
Plaintiffs
Quilter & Richards
Defendants
Gandfors Pty Ltd (ATF) + Alf Gandfors
Cause of Action
Breach of trust; equitable compensation
Phase
Defence preparation
Pleaded Sum
$812,588.26 + interest
Worst-Case Exposure
~$1.5M including 13–22yr interest
Plaintiff Counsel
DJ Alexander
Plaintiff Solicitors
Merton Lawyers (N. McKenzie-McHarg)
Overall Defence Merit
7/10
Strong limitation defence — but conditional on s 27(1) findings
Risk Exposure
5/10
Major equity / sympathy headwind. Fraud finding = total exposure.
Bottom line: The arithmetic is against us. $1.05M was distributed on paper to the plaintiffs and their tax was paid — but the cash went to Alf and Megan instead. Our case stands or falls on (a) the absence of any valid trustee determination under FCT v Bamford, and (b) keeping the breach out of s 27(1)(a) ("fraud") so the 6-year bar in s 27(2) bites every distribution. Settlement leverage is highest before any fraud finding crystallises.

02 Claim Strength Analysis

Plaintiffs' best case — element-by-element scoring of how strong each component of the claim is, the facts they have to support it, and where we are vulnerable.
Plaintiff's POV
1. Beneficiary status
9/10 🟢
Key Facts
Named in trust deed Schedule 2 as Income and Corpus beneficiaries of the Gandfors Family Trust.
Authority
Trust deed dated 28 April 2003, Schedule 2 (terms of trust).
Our Vulnerability
Trust deed confirms it — virtually impossible to deny. Will be admitted in Defence.
2. Present entitlement to income (FY2004–FY2013)
7/10 🟡
Key Facts
Tax returns lodged on basis of present entitlement for each FY 2004–2013. Same accountant (Coomber) prepared both trust and personal returns. ATO assessments issued.
Authority
FCT v Bamford (2010) 240 CLR 481; s 97 ITAA 1936.
Our Vulnerability
Tax returns are powerful evidence of distribution. BUT no trustee resolutions have been found — entitlement requires a valid determination by the trustee under the deed.
3. Non-payment of distributions
9/10 🟢
Key Facts
ATO records confirm tax paid. ANZ statements show only $6,554 (Louisa) and $19,561.74 (Michael) actually paid against $498K and $340K allocated. $1.05M flowed to Alf / Megan instead.
Authority
ANZ bank statements (2006–2013), ATO ICA / ITA records.
Our Vulnerability
The numbers are devastating and unchallengeable. The bank statements prove the cash went elsewhere — this is not in dispute.
4. Breach of trust
8/10 🟢
Key Facts
Trustee had an obligation to pay beneficiaries their entitlements. It failed to do so. Money was instead routed to the controlling director (Alf) and his wife.
Authority
Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484.
Our Vulnerability
If valid distributions were made, the breach is plain. The only real fight is whether valid distributions actually occurred (Issue 1 in the Battleground).
5. Fraud / dishonesty — s 27(1)(a) LAA
6/10 🟡
Key Facts
Alf controlled the company. He directed money to himself. He had beneficiaries sign tax returns without reading them. He appointed Michael a director without consent.
Authority
Armitage v Nurse [1998] Ch 241; Gwembe Valley Development Co Ltd v Koshy [2003] EWCA Civ 1048.
Our Vulnerability
This is the plaintiffs' ticket past limitation. If fraud is proven, no time bar. Risk: the court may simply find that taking $1.05M earmarked for stepchildren — while they paid the tax — IS fraud.
6. Trust property retained — s 27(1)(b) LAA
5/10 🟡
Key Facts
$741K Newstead property purchased 2021 in cash (Alf + adult daughter). Plaintiffs may attempt to argue traceable proceeds.
Authority
Menegazzo v PricewaterhouseCoopers [2016] QSC 94; JJ Harrison (Properties) Ltd v Harrison [2001] EWCA Civ 1467.
Our Vulnerability
Money was spent 13–22 years ago. Property is in Alf's personal name, not the trustee's. But if tracing is established, s 27(1)(b) bites and limitation is gone.
7. Quantum
8/10 🟢
Key Facts
Clearly particularised with exact figures from bank records. $491,695 (Louisa) + $320,893.26 (Michael) = $812,588.26.
Authority
SOC paras 19–26 (particulars).
Our Vulnerability
The arithmetic flows straight from the bank records — no real attack on quantum is available.
8. Interest under s 58 CPA
7/10 🟡
Key Facts
Interest from each distribution date. Could add $500K–$700K to claim.
Authority
s 58 Civil Proceedings Act 2011 (Qld); applicable Practice Direction.
Our Vulnerability
Interest on 13–22yr old amounts is enormous. Total exposure realistically $1.3M–$1.5M.
9. Equity / sympathy
9/10 🟢
Key Facts
Stepchildren of deceased mother. Paid tax on money they never received. Stepfather kept the money and bought a $741K property in cash years later.
Authority
N/A — judicial discretion / fact-finding.
Our Vulnerability
This is the elephant in the room. Any judge will be deeply unsympathetic to Alf. Affects findings on credit, fraud, and discretion at every turn.

03 Defence Strength Analysis

Our arsenal — every available defence argument scored on legal strength, fit to the facts, and downside risk.
Defendant's POV
D1. Limitation — s 27(2) LAA  PRIMARY DEFENCE
8/10 🟢
Law
6-year limitation for breach of trust claims not within s 27(1). Time runs from the date of the breach. Limitation of Actions Act 1974 (Qld) s 27(2).
Application
ALL alleged distributions occurred FY2004–FY2013. Proceedings filed 30 April 2026. Even the latest (FY2013) is 13 years out. Every claim is at least 6 years 10 months out of time.
Risk
Only works if s 27(1) doesn't apply. If court finds fraud (s 27(1)(a)) or retained trust property (s 27(1)(b)), this defence collapses entirely.
D2. No valid trustee determination
7/10 🟢
Law
Discretionary trust income requires a valid determination by the trustee to create present entitlement: FCT v Bamford (2010) 240 CLR 481. Trust deeds typically require a written resolution.
Application
NO trustee resolutions located for FY2004–FY2013. Tax returns prepared by an accountant ≠ a trustee determination. Without a valid determination, no present entitlement and no breach.
Risk
Need to see the trust deed. Risk: deed may contain a default beneficiary or deemed-distribution clause. Further risk: court treats annual tax returns as evidencing a de facto determination.
D3. Not "fraud" within s 27(1)(a)  BIGGEST RISK
6/10 🟡
Law
"Fraud" = actual dishonesty, not mere breach of duty: Armitage v Nurse [1998] Ch 241 at 251 (Millett LJ). Must be specifically pleaded and particularised: Dare v Pulham (1982) 148 CLR 658.
Application
Alf relied on accountant Coomber. This was a common tax-minimisation arrangement. Alf may not have understood the legal distinction between allocation and payment. Conduct is careless / ignorant — not dishonest.
Risk
BIGGEST RISK IN THE CASE. A court may simply find: you took $1.05M intended for your stepchildren while they paid tax on it — that is fraud, regardless of subjective state of mind. Accountant-defence is weak where Alf personally directed the payments to himself.
D4. Not "trust property" within s 27(1)(b)
7/10 🟢
Law
s 27(1)(b) requires trust property or proceeds "in the possession of the trustee or previously received by the trustee and converted to the trustee's use": Menegazzo v PwC [2016] QSC 94.
Application
Money spent 13–22 years ago. Cannot be traced into identifiable assets held by the trustee company. Newstead property is in Alf's personal name, not the trustee. SOC itself characterises the claim as equitable compensation — a personal remedy.
Risk
Newstead tracing argument may be run. Court may apply "converted to the trustee's use" broadly. Plaintiffs could amend to add a proprietary claim.
D5. Laches / delay
7/10 🟢
Law
Unreasonable delay causing prejudice: Lindsay Petroleum Co v Hurd (1874) LR 5 PC 221; Orr v Ford (1989) 167 CLR 316. Even where statute does not bar, equity may.
Application
13–22 year delay. Accountant unreachable. Records destroyed or lost. Megan (co-director and trust-administrator) deceased. Massive forensic prejudice.
Risk
Plaintiffs counter they did not know. Michael's affidavit says he discovered Nov 2025. But they signed tax returns annually showing trust income.
D6. s 38 LAA — concealment / postponement
6/10 🟡
Law
Limitation period does not begin to run until the fraud is discovered or, with reasonable diligence, could have been discovered: Limitation of Actions Act 1974 (Qld) s 38.
Application
Plaintiffs signed tax returns annually showing trust distributions. Louisa received PAYG assessments. Reasonable diligence = "where is my money?" — would have revealed the issue immediately. Michael was a director 2013–2018 with access to company books.
Risk
Court may find the plaintiffs were unsophisticated, young, and reasonably relied on Alf. The "signed without reading" argument has some force for Michael (he was 14–23 during the distribution years).
D7. Michael's credibility
6/10 🟡
Law
Inconsistency between evidence and pleading is relevant to credit and reliability of testimony.
Application
Michael's affidavit asserts he received NO payments. SOC concedes $19,561.74 was paid. Also: claims ignorance of his directorship — but ASIC records show him as director for 5 years.
Risk
Useful but not decisive. Could be explained as "I didn't know what the payments were for." Doesn't go to core merits.
D8. Characterisation as equitable compensation (personal remedy)
7/10 🟢
Law
Equitable compensation is a personal remedy, not proprietary: Target Holdings v Redferns [1996] AC 421; AIB v Redler [2015] AC 1503; Youyang (2003) 212 CLR 484. Personal claims attract s 27(2).
Application
SOC itself seeks "equitable compensation or alternatively equitable damages" — a money claim, not a property claim. Supports s 27(2) application across the board.
Risk
Plaintiffs may seek leave to amend to plead a proprietary claim. But 13–22 years on, tracing is genuinely very difficult.
D9. Accountant's role / s 76 Trusts Act relief
5/10 🟡
Law
s 76 Trusts Act 1973 (Qld): trustee may be relieved of liability if it acted honestly and reasonably. Possible third-party claim against Coomber.
Application
Accountant arranged the structure. Alf may have followed professional advice. Coomber prepared returns and managed allocations.
Risk
Weak: Alf personally directed payments to himself. Reliance on the accountant for tax planning ≠ reliance on the accountant for taking the money. Coomber unreachable — cannot prove what advice was given.

04 Element-by-Element Breakdown

For each cause of action: what the plaintiffs must prove, the evidence they have, the gaps, and our best response.
COA 1 Breach of Trust — against Gandfors Pty Ltd (1st Defendant, as trustee)
Element Plaintiff's Evidence Gap / Weakness Our Response
Trust exists Trust deed dated 28 Apr 2003 SOLID None. Admitted.
Plaintiffs are beneficiaries Named in Schedule 2 of deed SOLID None. Admitted.
Trustee determined to distribute Tax returns showing distributions to plaintiffs FY2004–FY2013 WEAK NO trustee resolutions found. CRITICAL GAP Deny. Tax-return entries ≠ trustee resolutions. Bamford requires a valid determination for present entitlement. Plead: trust deed clause (TBC) requires written resolution; none exists.
Plaintiffs presently entitled Tax returns + ATO assessments CONDITIONAL Depends entirely on whether a valid determination existed. Deny. No present entitlement without a valid trustee determination under the deed.
Trustee failed to pay Bank statements showing minimal payments SOLID None — numbers are unchallengeable. If no valid determination, no obligation to pay. If determination existed, limitation (s 27(2)) bars the claim.
Loss and damage Arithmetic from bank statements SOLID None. Deny quantum if no valid distribution. Otherwise rely on limitation.
COA 2 Personal liability — against Alf Gandfors (2nd Defendant)
Element Plaintiff's Evidence Gap / Weakness Our Response
Alf was director / controlled trustee ASIC extract SOLID None. Admitted.
Alf authorised payments to himself Bank statements SOLID None — bank records show this directly. Admitted (factually unavoidable).
Knowing receipt / assistance (Barnes v Addy) Alf received $1.05M SOLID Need to establish the trust-property character of the money received. Barnes v Addy: knowing receipt requires receipt of identifiable trust property. If no valid distribution was made, the money was not trust property "owed" to the plaintiffs in the first place.
Dishonesty / fraud Circumstantial: took the money, had beneficiaries sign returns blind CIRCUMSTANTIAL No direct evidence of subjective dishonesty. Deny fraud. Accountant-managed structure. Alf relied on professional advice. Not dishonest in the Armitage v Nurse sense. Demand specific particulars under Dare v Pulham and r 150 UCPR.

05 The Battleground

Where this case will actually be won or lost. Four contested issues — the rest is window-dressing.
Decisive Issues
1
Was there a valid trustee determination? ⭐ CRITICAL
Threshold issue — does the entitlement even exist?
If NO →
Plaintiffs have no present entitlement. Claim fails at the threshold — never reaches limitation.
If YES →
Claim is strong on merits. Battle moves to limitation (Issue 2).
What we need: THE TRUST DEED — specifically the determination / distribution clause. If it requires written resolution, our position firms; if it has a default-beneficiary or deemed-distribution clause, this argument weakens significantly.
Key authority: FCT v Bamford (2010) 240 CLR 481; Harmer v FCT (1991) 173 CLR 264
2
Is this "fraud" under s 27(1)(a) LAA? ⭐ CRITICAL
The single biggest risk in the case.
If YES →
No limitation. Full $1.3M+ exposure including interest. Reputational damage to Alf.
If NO →
s 27(2) applies. Entire claim statute-barred. Probable strike-out / summary judgment.
Strategy: Pin "fraud" to Armitage v Nurse's actual-dishonesty standard. Demand Dare v Pulham particulars. Build the "accountant-managed common tax structure" narrative. Cattley v Pollard is the case to neutralise.
Key authorities: Armitage v Nurse [1998] Ch 241; Gwembe Valley v Koshy [2003] EWCA Civ 1048
3
Is this a claim for trust property under s 27(1)(b)?
The Newstead property tracing risk.
If YES →
No limitation. Plaintiffs may also obtain a constructive trust / charge over the Newstead property.
If NO →
s 27(2) applies. Personal remedy only — and time-barred.
What we need: Source-of-funds analysis on the Newstead property. If the $741K cash purchase came from FY2004–FY2013 trust distributions, tracing may be achievable. Investigate: Alf's bank accounts 2013–2021, sale of any prior assets, mortgage release statements.
Key authority: Menegazzo v PwC [2016] QSC 94
4
Does s 38 LAA (concealment) extend time?
Reasonable-diligence battleground.
Plaintiffs say:
Didn't discover the breach until November 2025. Were unsophisticated, young, dominated by Alf.
We say:
Signed tax returns annually showing trust income. Michael was a director 2013–2018. Reasonable diligence would have revealed it.
Strategy: Develop the timeline of every signed tax return (and every PAYG assessment) the plaintiffs received. Each is a separate trigger for reasonable diligence. Particular focus on Michael's directorship period — he had the books.
Key principle: reasonable-diligence standard — see Doe d Cawthorn v Mee (1834) 4 B & Ad 606 line; Hagan v Waterhouse (1991) 34 NSWLR 308

06 What We Need To Do To Win

Prioritised action plan. Click checkboxes to track progress.
11 items
🔴 CRITICAL — This Week
  • 1. File NOI (Form 6) — UCPR r 137
    Due 29 May 2026. File ASAP — preserves position and signals readiness. No reason to wait.
    Owner: M. Harley
    0%
  • 2. GET THE TRUST DEED — full text + amendments
    Review determination/distribution clauses. If no formal resolution requirement, "no valid determination" argument weakens significantly. Check for default beneficiary, deemed distribution, accumulation clauses. Source: client; Coomber file (if recoverable); ASIC if registered.
    Owner: BossLawyerAI / M. Harley
    25%
  • 3. Find David Coomber (accountant) — key witness
    ABN lookup, ASIC searches, CA ANZ / CPA / IPA membership records, LinkedIn, bankruptcy register, electoral roll. Critical witness for the "Alf relied on advice" narrative and possible third-party claim.
    Owner: Investigations
    10%
  • 4. Obtain detailed instructions from Alf
    Why weren't the plaintiffs paid? Was it deliberate or negligent? What did he understand the structure to be? What did Coomber tell him? What records exist? What was the relationship with Megan re trust administration? — The credibility of every defence rests on this conference.
    Owner: M. Harley
    0%
🟡 IMPORTANT — Next 2 Weeks
  • 5. Brief counsel on limitation / fraud point
    Michael Angeli or senior counsel. Targeted advice on s 27 LAA application, viability of strike-out, and pleading the fraud particulars demand. Likely 4–6 hour brief.
    Owner: M. Harley
    0%
  • 6. Draft Defence (Form 17)
    Plead limitation under s 10, s 27(2), and s 38 LAA. Plead laches. Demand particulars of fraud (r 150 UCPR; Dare v Pulham). Address each SOC paragraph individually. Solicitor's certificate (r 246).
    Owner: BossLawyerAI / M. Harley
    0%
  • 7. Consider strike-out (r 171) or summary judgment (r 292)
    If trust deed supports "no valid determination" argument, strike-out is viable. If we can confine the case to s 27(2), summary judgment is realistic. Cost-benefit: strike-out application $40–60K vs. settlement leverage.
    Owner: Counsel + M. Harley
    0%
  • 8. Calderbank strategy
    Recommended: $200K–$250K inclusive of costs and interest. Optimal timing: after defence filed but before any strike-out ruling — leverage maximum. Draft Calderbank now so it can be issued strategically.
    Owner: M. Harley
    0%
🟢 MEDIUM TERM — Pre-Mediation
  • 9. Investigate Newstead property funding
    $741K 2021 cash purchase. Source of funds analysis. If traceable to FY2004–FY2013 trust distributions, s 27(1)(b) risk crystallises. Subpoena bank records for 2013–2021 if necessary.
    Owner: Forensic / Investigations
    0%
  • 10. ATO implications
    If distributions are invalid, tax assessments were wrong for ALL parties. Plaintiffs may be entitled to amendments / refunds; trustee may have under-paid. Consider Pt IVC objection windows (likely closed but worth confirming). Useful settlement leverage.
    Owner: Tax counsel referral
    0%
  • 11. Mediation preparation
    This matter is highly likely to settle. Build position paper, settlement scenarios, interest calculation matrix, tax-effect analysis. Identify acceptable structures (lump sum vs. instalments; release scope; confidentiality).
    Owner: M. Harley
    0%

07 Settlement Analysis

Range of outcomes and recommended Calderbank target.
Strategic Window
BEST For Us
$0
Claim struck out on limitation under r 171 / r 292. We recover party-party costs (likely $80–120K). Requires success on Issues 1 & 2.
LIKELY Settlement
$160–325K
20–40% of pleaded claim. Avoids any fraud finding, releases all parties, full and final. Plaintiffs likely accept given limitation risk on their side.
CALDERBANK Recommendation
$200–250K
30% of pleaded claim. Inclusive of interest and costs. Well below worst-case exposure. If plaintiffs reject and recover less at trial, costs uplift on indemnity basis from date of offer.
WORST Trial Loss
$1.3–1.5M+ costs
Fraud finding under s 27(1)(a). Full liability + s 58 CPA interest from each distribution date. Plus indemnity costs if plaintiff Calderbank is in play. Reputational damage to Alf.
$0 $300K $600K $900K $1.2M $1.5M+

⚖ Strategic Recommendation

Issue Calderbank at $200K–$250K inclusive, timed after defence filed but before any strike-out ruling. This is when leverage peaks: plaintiffs face our limitation defence, fraud-particulars demand, and our investigation into Coomber and the trust deed — all unresolved. If they accept, we close the matter at a fraction of exposure. If they reject and we then succeed on limitation (or get a more modest judgment), we secure indemnity costs from the offer date. Fail-safe play.

08 Key Authorities

Hover any case name for the principle. Filter by topic below.
14 cases
Limitation — s 27 LAA
CaseCitationPrincipleStance
Armitage v NursePrinciple: "Fraud" in s 21(1)(a) Limitation Act 1980 (UK — equivalent to QLD s 27(1)(a)) means actual dishonesty — not merely a breach of duty. Per Millett LJ at 251. [1998] Ch 241 at 251 "Fraud" in the limitation context requires actual dishonesty — not just breach of duty. FOR — sets high threshold for fraud
Gwembe Valley Development Co Ltd v KoshyPrinciple: Distinguishes between fraudulent breach (no limitation) and innocent or merely negligent breach (6 years). At [103]–[109]: deliberate self-dealing for trustee's benefit in breach of fiduciary duty is "fraudulent breach"; mere carelessness is not. [2003] EWCA Civ 1048 at [103]–[109] Distinction between fraudulent breach (no limitation) and innocent / negligent breach (6 years). FOR — supports limitation if breach negligent
Thorne v HeardPrinciple: A trustee who acts honestly but in breach of trust is protected by the limitation period. Limitation is not displaced merely because a breach has occurred — there must be additional dishonesty. [1895] AC 495 Trustee acting honestly but in breach is protected by limitation. FOR — supports limitation defence
Menegazzo v PricewaterhouseCoopersPrinciple: s 27(1)(b) of the Limitation of Actions Act 1974 (Qld) requires identifiable trust property or proceeds presently in the possession of the trustee, or previously received and converted to the trustee's use. Proceeds long since spent are not within s 27(1)(b). [2016] QSC 94 s 27(1)(b) requires identifiable trust property or proceeds presently in possession of trustee. FOR — money spent years ago not recoverable
Cattley v PollardPrinciple: A deliberate breach where the trustee takes trust property for own use can be "fraudulent" within the limitation provisions even without dishonesty in the ordinary common-law sense. Risk authority for us — court may apply if Alf's self-payments are characterised as deliberate self-dealing. [2006] EWHC 3130 (Ch) Deliberate breach where trustee takes trust property for own use is "fraudulent" even without dishonesty in ordinary sense. AGAINST — danger if applied to Alf taking $1.05M
Present Entitlement / Trust Determinations
CaseCitationPrincipleStance
Federal Commissioner of Taxation v BamfordPrinciple: Present entitlement to trust income for s 97 ITAA 1936 purposes requires a valid determination by the trustee in accordance with the trust deed. Income must be "income of the trust estate" as defined under the deed. (2010) 240 CLR 481 Present entitlement to trust income requires a valid determination by the trustee. FOR — no resolution = no entitlement
Harmer v Federal Commissioner of TaxationPrinciple: A trustee must make a valid determination distributing trust income before the end of the relevant income year. Without such a determination, income accumulates and beneficiaries are not presently entitled. (1991) 173 CLR 264 Trustee must make valid determination before end of income year. FOR — if no determination, income accumulates
FCT v ThomasPrinciple: Present entitlement requires both a distribution decision by the trustee AND a legal right in the beneficiary to demand payment. Bookkeeping or tax-return entries alone are insufficient. (1972) 3 ATR 165 Present entitlement requires both distribution decision AND legal right to payment. FOR — tax entry alone insufficient
Equitable Compensation / Characterisation
CaseCitationPrincipleStance
Target Holdings Ltd v RedfernsPrinciple: Equitable compensation for breach of trust is not a proprietary remedy — it is personal. The beneficiary recovers the loss caused by the breach measured at the date of judgment, not a return of identifiable property. [1996] AC 421 Equitable compensation is not a proprietary remedy. FOR — supports s 27(2) application
Youyang Pty Ltd v Minter Ellison Morris FletcherPrinciple: Equitable compensation is the principal remedy for breach of trust where restoration in specie is not possible. The trustee must restore the value of what was lost. Personal remedy in nature. (2003) 212 CLR 484 Equitable compensation for breach of trust — personal remedy. NEUTRAL — confirms remedy, not limitation
AIB Group (UK) plc v Mark Redler & CoPrinciple: Equitable compensation for breach of trust should be assessed by reference to the loss caused by the breach, applying common-law-style causation principles where the trust is a commercial trust. Reaffirms that the remedy is personal compensation, not restoration of property. [2015] AC 1503 Equitable compensation assessed by analogy with common law damages. FOR — personal remedy, not proprietary
Laches / Delay
CaseCitationPrincipleStance
Lindsay Petroleum Co v HurdPrinciple: Equitable defence of laches: unreasonable delay coupled with prejudice (e.g. lost evidence, dead witnesses, changed positions) defeats an equitable claim. The classic statement. (1874) LR 5 PC 221 Delay + prejudice = laches. FOR
Orr v FordPrinciple: Laches under Australian law requires either (a) unreasonable delay together with prejudice to the defendant, or (b) acquiescence by the plaintiff in circumstances that make it unconscionable to assert the claim. High Court reaffirmation. (1989) 167 CLR 316 Laches: unreasonable delay + prejudice OR acquiescence. FOR — 13–22yr delay, lost records, dead witness
Erlanger v New Sombrero Phosphate CoPrinciple: "Equity will not assist the indolent." Equitable relief is discretionary and may be refused where a claimant has slept on rights. (1878) 3 App Cas 1218 Equity will not assist the indolent. FOR
Knowing Receipt / Personal Liability
CaseCitationPrincipleStance
Barnes v AddyPrinciple: Two limbs of accessorial liability for breach of trust: (1) knowing receipt of trust property; (2) knowing assistance in a dishonest and fraudulent design. Foundational authority. Per Lord Selborne LC. (1874) LR 9 Ch App 244 Two limbs: knowing receipt + knowing assistance. AGAINST — Alf received $1.05M with knowledge
Farah Constructions Pty Ltd v Say-Dee Pty LtdPrinciple: The first limb of Barnes v Addy (knowing receipt) requires: (i) receipt of trust property; (ii) knowledge that the property was trust property; and (iii) knowledge that it was transferred in breach of trust. Knowledge includes the five-tier Baden scale up to constructive knowledge of the kind that puts an honest person on inquiry. (2007) 230 CLR 89 Knowing receipt: receipt + knowledge of trust character + knowledge of breach. MIXED — knowledge yes, trust property disputed

09 Trusts Act 2025 (Qld) — Impact Analysis

Commenced 28 April 2026 — 2 days before SOC was filed. Repealed the Trusts Act 1973 (Qld). Provision-by-provision assessment of how the new Act affects this case.
New Legislation
Bottom Line
The Trusts Act 2025 does not fundamentally change the defence position. The most useful provision is s 155 (via s 278) — court relief for honest and reasonable conduct — which we should plead as a tertiary defence. The preservation of exculpation clauses under s 70(3) is also helpful. The new beneficiary information rights (s 65) assist the plaintiffs but have limited practical impact given the absence of records.
Provision-by-Provision Impact Assessment
Provision Impact on Gandfors Stance
s 155 (relief from liability) via s 278s 278: "Section 155 applies in relation to a breach of trust whether the breach was committed before or after the commencement." Court may relieve trustee wholly or partly if (a) trustee acted honestly and reasonably and (b) ought fairly to be excused. Materially identical to old s 76 Trusts Act 1973. Applies to 2004–2013 breaches. Can seek relief if trustee acted honestly and reasonably — even though breaches are 13–22 years old. FOR — tertiary defence
s 156 (beneficiary indemnify) via s 279s 279: Section 156 also applies to pre-commencement breaches. If beneficiary instigated, requested, or consented in writing to the breach, court can indemnify the trustee out of their interest. Plaintiffs SIGNED tax returns — did they "consent"? Weak but worth noting. If plaintiffs consented in writing to the breach (signed tax returns?), court may indemnify trustee out of their interest. MARGINAL — FOR
s 64 (duty to keep accounts)s 64: New statutory duty to keep accurate accounts and records, and retain them for at least 3 years after termination of the trust. Did not exist in 1973 Act. Commenced 28 April 2026 — not retrospective. The general equitable duty to keep accounts existed at common law. New statutory duty but not retrospective to 2004–2013. Underlying equitable duty existed at common law — failure to maintain records may be characterised as breach of duty to account. NEUTRAL
s 65 (right to information)s 65: Beneficiaries have a statutory right to inspect and obtain copies of trust accounts. "Beneficiary" expanded to include "a person in whose favour a power to distribute the trust property may be exercised" (s 65(4)) — confirms plaintiffs have standing as discretionary objects. Plaintiffs have statutory right to demand trust accounts. Practical impact limited — the accounts for 2004–2013 don't exist. AGAINST — assists plaintiffs
s 70(3) (exculpation preserved)s 70(3): "A rule or principle of law or equity relating to a provision in a trust instrument that purports to exempt, limit the liability of, or indemnify a trustee in relation to a breach of trust continues to apply." QLD legislature did NOT follow Armitage v Nurse limiting approach. Common law preserved. Preserves common law on exculpation. Cl 14 (liability only for "wilful default") and cl 21 (indemnity except "dishonesty") of G & G Trust Deed remain valid and enforceable. FOR — protects trustee
Investment duties (Pt 6 — ss 66–71)Pt 6: Codifies trustee investment duties with statutory standard of care. s 67 imposes higher duty on "professional investors." s 70 preserves general equitable investment duties. Limited relevance — claim is about distribution, not investment. May matter if plaintiffs argue breach of duty of care in managing the trust generally. NEUTRAL
s 82 (general powers)s 82(1): "A trustee has, in relation to the trust property, all the powers of an absolute owner of the property." Broader than the old Act, but trust deed's specific distribution mechanism (cl 3) and variation power (cl 18) override the general statutory power to extent of inconsistency. Broader powers than old Act, but the deed's cl 3 distribution mechanism and cl 18 variation power override to the extent of inconsistency. NEUTRAL
LimitationNo change: Trusts Act 2025 does NOT contain its own limitation provisions. Limitation continues to be governed by the Limitation of Actions Act 1974 (Qld), s 27. The new Act does not alter the s 27 framework — our primary limitation defence is unaffected. No change — Limitation of Actions Act 1974 (Qld) s 27 still governs. Our primary limitation defence is unaffected. NEUTRAL
▲ What Helps Us
  • s 155 via s 278 — court relief for honest and reasonable conduct expressly applies to pre-commencement breaches. Plead as tertiary defence.
  • s 70(3) — common law on exculpation clauses preserved. Cl 14 and cl 21 of the deed continue to operate. QLD did not follow Armitage v Nurse.
  • s 156 via s 279 — possible (though weak) argument that plaintiffs consented in writing to the breach by signing tax returns.
  • Limitation untouched — LAA s 27 framework intact; primary limitation defence is unaffected.
▼ What Helps Them
  • s 65 — beneficiaries have a statutory right to inspect and obtain trust accounts. Expanded definition (s 65(4)) confirms plaintiffs' standing as discretionary objects.
  • s 64 — although not retrospective, courts may draw on the new statutory framework when assessing whether the trustee discharged the underlying equitable duty to keep accounts during 2004–2013.
  • Optics — court may be more willing to scrutinise record-keeping failures now that there is a clear legislative standard.
Cross-Matter Note — Wave Air (Matter 262176)
Pt 3 of the Trusts Act 2025 (ss 20–29 — appointment / replacement of trustees) may be relevant to the Wave Air trust matter regarding appointment of Nick's wife as appointor. The appointor role itself is not directly addressed by the statutory framework — it remains a creature of the trust deed. The court's power under s 155 and its inherent jurisdiction to supervise trusts may be relevant if the deed's appointor mechanism has failed.
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