northisde development pty ltd v reigstrar general So what we have is got two case here. Both are australian. Both the provision from australian legislation is the same as nz one It is royal british bank of toruqn brought into statute. That is the common law, the common law was bought into all common law countries. This is , if you are wondering about the registrar of general, that is about the person who registers mortgages in australia. In this case, we got northside development, they owned land and they mortgaged it to the bank. What are mortgages -you use land as security for debt. You lend us that money, you lend someone else that money but this is my land and if we fail to pay you you can take the land. It is a serious obligation to undertake. You are putting your asset up. If the person doesnt pay or you dont pay you lose the land. In this case we have guy called sturgess, who is director of north side developments. He also has got his own business. He has separate business. What he does is uses the land owned by north side development as securities for loan to his other companies which have no connection to north side development except the common directorship