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Just to keep us guessing, the Court of Appeal has now reversed the Supreme Court’s original decision in Vale No 1 Pty Ltd v Delorain Pty Ltd and held that the property marketer had validly terminated the option deeds for non-compliance with PAMDA.
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Just to keep us guessing, the Court of Appeal has now reversed
the Supreme Court's original decision in Vale No 1 Pty Ltd
v Delorain Pty Ltd (
discussed in our previous alert) and held that the property
marketer had validly terminated the option deeds for non-compliance
with PAMDA.
Of course, there is a delicious irony in property marketers
benefitting from the very legislation introduced to protect the
public from them! Let's see if the Bligh government takes up
the Court of Appeal's invitation for further amendments to
PAMDA.
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