USE SOMEONE ELSE’S CONFIDENTIAL INFORMATION AT YOUR PERIL
The recent New South Wales Supreme Court decision between stock broking heavyweights Ord Minnett and Wilson HTM is a timely reminder that valuable information is property and if you use someone else’s property then you are exposing yourself to a claim for substantial damages.
The Court will protect all information that a reasonable person would regard as being valuable. The area where most cases concerning wrongful use of confidential information arise is in relation to the use of Continue Reading
“UNDOING” THE REVERSION PROCESS FORCED ON BODIES CORPORATE BY THE 2011 AMENDMENTS
In April 2011, the Body Corporate and Community Management Act (“the Act”) was amended to effectively allow a previous order made by a Court, Tribunal or Specialist Adjudicator adjusting the contribution schedule lot entitlements (“CSLE”) for a scheme to be overturned/reversed.
The controversial change to the Act resulted in several Bodies Corporate being forced to revert the CSLE for their schemes to their pre-adjusted status on receiving a request to do so from a single lot owner (“the reversion process”).
On 14 September 2012, the Body Corporate and Community Management and Other Legislation Amendment Bill 2012 (“the Bill”) was introduced to Parliament. Significantly, the Bill amends the Act by Continue Reading