Understanding Tracing Rules

  • The Hon J Edelman Judge of the Federal Court of Australia. Adjunct Professor, University of Queensland


This year is the 200th anniversary of one of the leading decisions concerning the law of tracing in equity. Celebrations have not been widely held. Two centuries after this decision, the rules of tracing in equity remain very difficult to understand and very difficult to justify. But they are of immense practical importance including to the law of trusts, claims based on fraud, and claims against remote recipients of property. This year, the United Kingdom Supreme Court has also returned to the topic in the context of a claim based on non-contractual subrogation. This article explains some of the persistent problems in the law of tracing and shows how to understand the operation of equitable tracing rules.


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Jun 17, 2016
How to Cite
EDELMAN, The Hon J. Understanding Tracing Rules. QUT Law Review, [S.l.], v. 16, n. 2, p. 1-18, june 2016. ISSN 2201-7275. Available at: <https://lr.law.qut.edu.au/article/view/672>. Date accessed: 17 july 2018. doi: https://doi.org/10.5204/qutlr.v16i2.672.
Invited Contribution: 2015 WA Lee Lecture


tracing equity, non-contractual subrogation, WA Lee Lecture, law of trusts