Blair v Curran (1939) 62 CLR 464

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A judicial determination directly involving an issue of fact or of law disposes once [and] for all of the issue, so that it cannot afterwards be raised between the same parties or their privies. The estoppel covers only those matters which the prior judgment, decree or order necessarily established as the legal foundation or justification for its conclusion. …Nothing but what is legally indispensable to the conclusion is thus finally closed or precluded.

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