The pandemic and supply issues mean delays in completion are back on the table – and sunset clawbacks that could leave you out of pocket.
so that the purchasers had to agree to the contract being rescinded or the developer had to get the approval of the Supreme Court, at their expense.
Developers and purchasers can mutually agree to extend those deadlines, if they wish. But genuine delays could lead to opportunist developers exploiting their sunset clauses, albeit with compelling reasons for doing so. This will be valuable information if the developer attempts to get a “sunset clawback” approved by the Supreme Court.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Community groups angered as Queensland government proposes logging in state forestPlan would see selected hardwood natives in area dubbed ‘Ferny Forest’ cut down this year
Read more »
Xavier College takes $120m Brighton campus to marketAs the Brighton campus is sold off, Xavier plans to reinvest capital into new facilities at its Kew campuses and extend its bursary program.
Read more »
Labor pledges $5b in savings and waste audit if electedLabor plans to raise almost $5 billion over the next four years by cutting the use of consultants and cracking down on multinational tax evasion.
Read more »
Budget repair on hold as Labor pledges $5b in savingsThe major parties are poised to go to the election without concrete plans for budget repair after Labor outlined savings and tax increases of $5 billion over the next four years.
Read more »
Last year we were alone together. Now, many are just aloneOpinion: I really don’t want to be a big ol’ Debby Downer here but let me tell you; it’s bloody rough living as a young person with chronic illness right now
Read more »
Investors sell off The Reject Shop as CEO steps downAndre Reich joined the company in January 2020 inheriting a business that required significant turnaround measures.
Read more »