Time: 7.30am for 7.45am to 9.00am
Date: Wednesday 4 August 2010
Venue: HopgoodGanim Lawyers, Level 7 Presentation Room, Waterfront Place, 1 Eagle Street, Brisbane
Australian consumer law provisions, more commonly referred to as "unfair contract terms", have been introduced into the Trade Practices Act and came into effect on 1 July 2010. These new provisions mean that developers will need to review their off-the-plan sale contracts to provide for a more balanced document between the seller and the buyer.
This seminar, part of the HG AM Club Developer Series, delivered a high-level, short and sharp overview covering the following topics:
- What is an 'unfair' term and why a review should be undertaken
- Examples of unfair terms in off-the-plan contracts
- What changes have been made to the standard REIQ contract
- What changes should be made to off-the-plan contracts
- What other steps outside the contract a developer should take
