Builder’s side deeds offer a lender assurances in a variety of contexts, including where there is a default or insolvency on the part of a borrower that would give rise to a termination right under a construction contract between the borrower and a builder.
A party to a construction contract with an entitlement to claim damages for breach of contract may also be entitled to claim consequential loss.
For the first time in 27 years, Standards Australia is planning various updates to the AS4000—1997 General Conditions of Contract, which is used extensively in the building and construction industry. While several amendments are proposed the changes will, if accepted, be conservative. This article covers what principals, contractors and other parties to construction contracts need to know.
The digital age has certainly enhanced our ability to convey information, something that is very important in the building and construction industry. However, technology can also create pitfalls, particularly when it comes to claims under the Building Industry Fairness (Security of Payment) Act 2017 (Qld), where compliance with technicalities is critical. The case of Iris Broadbeach Pty Ltd v Descon Group Australia Pty Ltd gives a recent illustration.
The global demand for hydrogen is expected to nearly double between 2021 and 2030. According to the International Energy Agency’s 2022 World Energy Outlook, Australia is expected to become the second largest net-exporter of low emissions hydrogen by 2030 and the largest by 2050.
This article serves as a progress update on the Bill, with a refresher on its purposes and a summary of feedback from the consultation process.
In a change to Queensland waste legislation that will have ramifications for the development industry, disposing of ‘clean earth’ at a landfill facility from 1 July 2023 will incur payment of the waste levy at the general rate per tonne.
The Queensland Government has made important changes to vegetation mapping to include the most recent Queensland Herbarium scientific updates. This may affect your ability to clear vegetation.
On 29 April 2022, the Minister for State Development, Infrastructure, Local Government and Planning issued a Notice extending the currency and completion periods of current development approvals under the Planning Act 2016 by a further 12 months.
This may seem to be an obvious statement. However, in parts of South-East Queensland, ensuring that all the costs of infrastructure are at least understood, if not actually quantified, is complicated…
The Federal Government has announced further reforms to Australia’s foreign investment framework. The reforms seek to minimise the regulatory burden on foreign investors.
The Queensland Government has commenced consultation regarding the possible establishment of an independent Environmental Protection Agency (EPA) for Queensland.