Article
Court confirms that liquidated damages are an excluded amount under the Victorian security of payment legislation
In a judgment handed down on 6 May 2011 in the case of Seabay Properties Pty Ltd v Galvin Construction Pty Ltd & Anor [2011] VSC 183 the Supreme Court of Victoria confirmed that liquidated damages are an 'excluded amount' under section 10B of the Building and Construction Industry Security of Payment Act 2002 (Vic) ("the SOP Act").
Norton Rose Fulbright Australia
