Two companies that made false claims about approvals for light rail stops near a luxury apartment building in Woden are fined more than $3 million each under consumer laws.
GRE Sales and GZ Developments suggested in advertising that the tram to Woden would stop out the front of luxury apartments.Two companies that made false claims about approvals for light rail stops near a luxury apartment building in Woden have been fined more than $3 million each under consumer laws.
In his judgment Acting Justice Greg Curtin said: "The desire to maximise profit would seem to have won out over commercial ethics and legal obligations". "Taken as a whole, the conduct of GZ, GRE, Messrs Nick Georgalis, Skepev, Stephens and Micalos concerning the representations was cavalier to say the least, and was disdainful, contemptuous and scornful of consumers and the legal requirement of having reasonable grounds for the making of representations as to future matters," he said.
He said he accepted the Fair Trading Commission's case that the misleading representations brought higher prices, than if they hadn't been made.
Light Rail Geocon Zapari Gz Australian Capital Territory Canberra Developers
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