1784 results

Might a Receiv­er of a dis­tressed devel­op­ment project owe a duty of care to sub­se­quent own­ers of the lots when completed?

Upon tak­ing pos­ses­sion and con­trol of an incom­plete dis­tressed devel­op­ment asset, a secured financier will more often than not look to com­plete the project works itself in order to max­imise its recovery.This may neces­si­tate the financier assum­ing respon­si­bil­i­ty for the build­ing con­tract in order to com­plete the project works or engag­ing a replace­ment…

Cur­rent state of the con­struc­tion and infra­struc­ture market

The build­ing and con­struc­tion indus­try is sig­nif­i­cant and com­plex, with a land­scape which is con­stant­ly changing.It is cur­rent­ly char­ac­terised by: sig­nif­i­cant pub­lic invest­ment in nation­al infra­struc­ture with a $213 bil­lion pipeline over 5 years to finan­cial years 2027 – 28plan­ning approval delays par­tic­u­lar­ly in NSWhigh costs of constructioncon­tin­u­ing and increas­ing con­struc­tion relat­ed insolvenciesa chron­ic short­age of housinga…

Impor­tant Work­place Rela­tions Changes Effec­tive 1 July 2025

Employ­ers and employ­ees alike should be aware of impor­tant changes in the work­place rela­tions are­na, effec­tive 1 July 2025. From that date:the high income thresh­old for unfair dis­missal claims will increase to $183,100 per annum (from the present $175,000 per annum) and the com­pen­sa­tion lim­it will be $91,550 (equiv­a­lent to 6 months of the revised high income thresh­old amount) for dis­missals…

Unfair con­tract terms in out­dat­ed stan­dard form con­tracts could cost you a fine of $50 mil­lion (Com­pa­nies) or $2.5 mil­lion (Indi­vid­u­als)

If you have not reviewed your stan­dard form con­struc­tion con­tracts since 9 Novem­ber 2023 (when the amend­ed Com­pe­ti­tion and Con­sumer Act 2010 (Cth) – Sched­ule 2 (ACL) became effec­tive), you could be at risk of any/​all unfair con­tract terms being declared void and hav­ing to pay a penalty. This means that:Any stan­dard form con­tract…