Australia, July 28 -- New South Wales Land and Environment Court issued text of the following judgement on June 27:
1. The issue for determination is the proper construction of a contract for the sale of land between the Plaintiff ("Sky") as vendor and the Defendant ("Dean Street") as purchaser ("the Contract"). Specifically, the question is, are liquidated damages payable by Dean Street to Sky on an amount of Goods and Services Tax ("GST") paid pursuant to an obligation created by the Contract, by Dean Street to Sky some years after the completion date of the Contract?
2. The sale of the land was one part of an overall transaction between the parties which involved a suite of contracts, being the Contract, an agreement described as a dev...