Corrs In Brief: Extensions to subdivision registration date - held to be unenforceable
06 July 2009
As a result of the recent Supreme Court of Victoria decision of Clifford and Bayley v Solid Investments Australia Pty Ltd, it is likely that usual subdivision registration extension clauses in contracts of sale are now unenforceable, particularly where the vendor has the right to extend the registration date indefinitely. This case has serious implications on current practice for “off the plan” contracts.
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