LAQC Reforms

The long awaited LAQC reforms have finally been released. The gist is that LAQC owners will be given the option to become a new “look-through company” where profits & losses will flow to owners or transition to a sole trader, partnership or limited partnership. If...

Vendor’s Warranties

The warranty was that “all obligations under the Building Act 1991 were fully complied with” as at the date possession was granted.  Although the warranty only applied if the vendor had done works, a recent case has shown that the reach of the warranty may be further...