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Deposit bonds, bank guarantees and the sale of land
Record ID:
49709
Format:
LIJ Article
Year:
2012
Author:
Lloyd, David ;
Subject:
Sale of Land ; Off the Plan ; Deposit Bonds ;
Source:
LIJ (2012) 86 No 11
Date_of_entry:
27/02/2013
Legislation:
Land Sales Act 1984 (Qld)
Sale of Land Act 1962 (Vic)
Transfer of Land Act 1958 (Vic)
Notes:
It is important to ensure vendors are not at risk when accepting deposit bonds and bank guarantees in lieu of cash deposits under off-the-plan contracts for sale of land.
Section:
Feature
Cases:
Wood Hall Ltd v Pipeline Authority (1979) 141 CLR 443 ; Reliance Developments (NSW) Pty Ltd v Lumley General Insurance Limited (2008) NSW ConvR 56-213 ; Everest Project Developments Pty Ltd v Mendoza (2009) V ConvR 54-755 ; Prior v Kuji Pty Ltd (1992) Q ConvR 54-423 ;
Month:
November
Links:
Online access to article available to LIV members

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Delivering developers value - part one (1)
Author:
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Year:
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Subject:
Sale of Land ; Land Development ; Land Subdivision ; Body Corporate ; Drafting ; Off the Plan ; Bantick v Boss Properties Pty Ltd [2000] V ConvR 54-629 ; Sommers v Abati Holdings Pty Ltd [1992] 1 Qd R 300 ; Sivakriskul v Vynotas Pty Ltd (1997) V ConvR 54-556 ; Gatton Shire Council v Mudie (1999) 103 LGERA 419 ; Walker v Registrat of Titles [2001] VSC 354 ;
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Author:
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Year:
2011
Subject:
Sale of Land ; Off the Plan ; Vendor & Purchaser ; Property Law ; Land Subdivision ; Clifford v Solid Investments Australia Pty Ltd (2009) V ConvR 54-764 ; [2009] VSC 223 ;
Links:
LIV Member access to online LIJ article
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Author:
Ozege, Esra ;
Year:
2012
Subject:
Sale of Land ; Off the Plan ;
Links:
Online access for LIV members
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Author:
Cocks, Russell ;
Year:
2017
Subject:
Deposit Bonds ; Sale of Land ; Vendor & Purchaser ; McEwan v Theologedis [2004] VSC 244 ; Aurumstone v Yarra Bank Developments [2017] VSC 503 ;
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Author:
Cocks, Russell ;
Year:
2015
Subject:
Off the Plan ; Land Subdivision ; Contracts of Sale ; Sale of Land ; Solid Investments Australia Pty Ltd v Clifford [2010] VSCA 59 ; Everest Project Developments Pty Ltd v Mendoza (2009) V ConvR 54-755 ;
Safe deposits
Author:
Rimmer, William ;
Year:
2013
Subject:
Deposit Bonds ; Sale of Land ; Property Settlements ;
Changes to sunset clauses
Author:
Cocks, Russell ;
Year:
2019
Subject:
Off the Plan ; Sunset Clauses ; Vendor & Purchaser ; Sale of Land ; Rescission ;
Avoiding off the plan contracts
Author:
Cocks, Russell ;
Year:
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Subject:
Sale of Land ; Contracts for Sale of Land ; Off the Plan ; Vendor & Purchaser ; Repudiation ; Australian Consumer Law ; Remedies ; Harris v K7@Surry Hills P/L [2019] VSC 551 ;
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Author:
Cocks, Russell ;
Year:
2009
Subject:
Conveyancing ; Sale of Land ; Contracts for Sale of Land ; Deposit Bonds ; Vendor & Purchaser ;
Support for purchasers
Author:
Cocks, Russell ;
Year:
2009
Subject:
Sale of Land ; Property Development ; Vendor & Purchaser ; Land Subdivision ; Contracts for Sale of Land ; Off the Plan ; Clifford v Solid Investments Australia Pty Ltd (2009) V ConvR 54-764 ; [2009] VSC 223 ;
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