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ARTICLE · 29 MARCH 2023

Dear Developers: Failing To Plan Is Planning To Fail

This decision highlights the importance of developers paying attention to the deposited plans in contracts for sale of land and, consider independently verifying the size of the site areas being purchased.

AustraliaReal Estate and Construction

Ausbao (286 Sussex Street) Pty Ltd v The Registrar General of New South Wales [2023] NSWCA 18

This decision highlights the importance of developers paying attention to the deposited plans in contracts for sale of land and, consider independently verifying the size of the site areas being purchased.

What is the Torrens Assurance Fund?

The Torrens Assurance Fund is a statutory scheme designed to compensate people through no fault of their own, who suffer loss or damage as a result of the operation of the Real Property Act 1900 (NSW) (RPA).

A claim for compensation is a two step process whereby:

  1. The claimant must first establish that it suffered loss or damage under section 129(1) of the RPA caused by:
    • an act or omission of the Registrar General;

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