By now you all would have heard or seen the news report that BMW Australia Finance Limited has entered into an enforceable undertaking with ASIC to the tune of $77 million. This includes a $5 million payment to contribute to consumer advocacy and financial literary initiatives. The remaining $72 million comprises write-offs of loans valued […]
ASIC pursues BMW Finance for irresponsible lending Read More »
In a recent matter concerning a Building and Construction Industry Payments Act (BCIPA) dispute between Ostwald Brothers (the contractor) and Jaylon Pacific (the subcontractor), the Supreme Court of Queensland considered whether an adjudicator’s reliance on matters that were not the subject of submissions by either party rendered the decision void. Almost five months after the
Adjudication Update – Procedural Fairness Read More »
A recent decision of the Court of Appeal has reiterated the need for a tenant to ensure compliance with the lease terms at all times, including after the tenant has exercised an option to renew, to preserve its right to the new term. Grepo & Anor v Jam-Cal Bundaberg Pty Ltd [2015] QCA 131 In
Tenants beware! Effect of default on entitlement to option to renew Read More »
