Development Archives - Vincent Young

Building Development Insolvency Property Strata

26 July, 2024

Ways to “end” a strata scheme

Mascot Towers case study on termination of strata scheme and collective sale Introduction Once a strata scheme is created on registration of the strata plan, an owners corporation will only be able to “end” the strata scheme in limited circumstances. The Mascot Towers is a “cautionary tale” of what owners…

Victoria Caldwell

Building Construction Contracts Development

10 July, 2024

The Effect of Nominal Rates for Liquidated Damages

Not an exhaustive remedy for a delay This article discusses the impact of the statutory warranties under section 18B of the Home Building Act 1989 (NSW) (HBA) on liquidated damages under a construction contract. Introduction Generally, liquidated pre-ascertained damages are an express agreement between the parties of the genuine pre-estimate…

Victoria Caldwell

Commercial Construction Development Insolvency Property Strata

10 July, 2024

Liquidators Should Be Aware Of Strata Levies

The effect of strata levies on a winding up A liquidator has the power to sell all or any part of the property of a company to which the liquidator is appointed under section 477(2) of the Corporations Act 2001 (Cth) (Corporations Act). When the court appoints a liquidator to…

Victoria Caldwell

Building Construction Contracts Development Projects Security of Payments

20 June, 2024

Seeking Payment Upstream from the Principal

After lodging a payment withholding request under the Building and Construction Industry Security of Payment Act 1999 (NSW) (SOPA) on a principal, a subcontractor may utilise the Contractors Debt Act 1997 (NSW) (CDA) to seek payment directly from the principal instead of the respondent/contractor. This alternative means of seeking payment…

Victoria Caldwell

Development Property

14 June, 2024

Transport Oriented Development Program – One Month Later

Introduction It has been a month since the commencement of Tier 2 of the Transport Oriented Development Program (TOD) and stakeholders have had months prior to consider the TOD’s relevant planning policy, the TOD Tier 1 and the Low to Mid Rise Housing Initiative (LMR) (collectively the Programs). This article…

Victoria Caldwell

Development Projects Property

17 May, 2024

TOD and LMR Programs – Developers must engage

Department and Developer Led Housing Increase The Transported Oriented Development (TOD) Program and the Low and Mid-Rise Housing (LMR) Program (together Programs) are opening up opportunities for increased development in targeted areas and regions of NSW. The Programs are initiatives not just to increase housing development to address the current…

Victoria Caldwell

Building Commercial Construction Contracts Development Finance Guarantees

16 May, 2024

Be Aware Of Discharging A Guarantee

In the construction industry, it is common for a parent company/guarantor of a contractor to provide a guarantee to the principal. The guarantee usually includes the assumption of liability for any obligation owed by the contractor to the principal should the contractor fail to meet its obligations. This article deals…

Victoria Caldwell

Building Construction Development

6 May, 2024

Building Information Model: The Devil Is In The Data

Construction Modelling in Australia The Building Information Model (BIM) is a tool used in construction to create 3D models of building projects. The BIM works by having designers and architects insert blueprints, floor plans and other design drawings into a database, which generates a 3D model of the project. The…

Victoria Caldwell

Building Construction Contracts Development Strata Tax

9 February, 2024

Changes To The Strata Building Bond And Method Of Calculation

The Building Legislation Amendment Act 2023 (NSW) The Strata Building Bond & Inspections Scheme (SBBIS) was introduced in 2018 to provide some protection to owners’ corporations in relation to defects. On 21 November 2023, the NSW Parliament passed the Building Legislation Amendment Act 2023 (NSW) (BLA) which makes 2 significant…

Victoria Caldwell

Building Development Projects Property

14 December, 2023

Ribbon Project by Greaton at Darling Harbour

Congratulations to Greaton on completion of the Ribbon project at Darling Harbour, comprising the largest W Hotel in the world, including the new redeveloped IMAX theatre experience and retail. Vincent Young lawyers is excited to have had the opportunity to have worked alongside the dedicated Greaton team on this very…

Victoria Caldwell

Development

Categories

Archives