About Us

We work collaboratively with our clients to build strong, sustainable relationships. Our team is committed to delivering consistent high standards of service, and we understand the importance of accessibility. Working with us, you'll enjoy open communication, meaning well scoped, properly resourced and effectively managed matters.

Learn More

Latest Case

Providing strategic advice on expansion structures November 16, 2018

Founded in Bondi Beach in 2012, Bailey Nelson has rapidly grown into a global eyewear retailer and service provider with boutiques in Australia, London, Canada and New Zealand. The strong demand for their products and … Continued

Latest News

Maddocks and Osborne Clarke advise on toy company acquisition November 26, 2018

Monday 26 November 2018 Law firms Maddocks and Osborne Clarke have advised global toy company Moose Toys on its acquisition of UK toy company Worlds Apart. Under the deal, Moose Toys acquired all of Worlds … Continued

Latest Article

Amended Security of Payment Laws passed in NSW – Overcoming the ‘Southern Han Effect’ and more December 3, 2018

Further to his recent paper about the The Murray Review of Security of Payment Laws , Mathew Stulic has prepared a follow-on piece about the Amended Security of Payment Laws Passed in NSW. This thought leadership piece … Continued

Cladding Rectification Agreements: What does it mean for developers and builders?

Last week, the Victorian Government introduced into Parliament the Building Amendment (Registration of Trades and other matters) Bill 2018. As part of the proposed changes, the Local Government Act 1989 will be amended to establish Cladding Rectification Agreements.

Upon recommendation by the Victorian Cladding Taskforce, the Andrews Government has introduced into parliament today as part of the Building Amendment (Registration of Trades and other matters) Bill 2018, a mechanism to reduce the cost of removing dangerous combustible cladding in Victorian residential buildings.

The mechanism, known as Cladding Rectification Agreements (CRAs), will be an agreement between owners (or owners corporations), lenders and local councils whereby owners are provided a long-term, low-interest loan to pay for the building work required to rectify the combustible cladding.

Under the CRA, the owners will pay the funds back through their council rates over a minimum period of 10 years with the CRA transferred to any subsequent purchaser of the property if it was sold during that period.

Developers and builders should be aware that these changes do not affect their liability.

The Bill is expected to be released to the public on Tuesday 7 August 2018.

Details of how the new regime will work will only be clear once the Bill is released, at which time we will update you once again.

If you would like more information, contact Maddocks on (03) 9258 3555 and ask to speak to a member of the Construction and Projects team.

Click here to read our article about what the CRAs mean for councils.

 Author
Branevan Shankumar | Lawyer
T +61 3 9258 3692
E branevan.shankumar@maddocks.com.au

Last week, the Victorian Government introduced into Parliament the Building Amendment (Registration of Trades and other matters) Bill 2018. As part of the proposed changes, the Local Government Act 1989 will be amended to establish Cladding Rectification Agreements.

Upon recommendation by the Victorian Cladding Taskforce, the Andrews Government has introduced into parliament today as part of the Building Amendment (Registration of Trades and other matters) Bill 2018, a mechanism to reduce the cost of removing dangerous combustible cladding in Victorian residential buildings.

The mechanism, known as Cladding Rectification Agreements (CRAs), will be an agreement between owners (or owners corporations), lenders and local councils whereby owners are provided a long-term, low-interest loan to pay for the building work required to rectify the combustible cladding.

Under the CRA, the owners will pay the funds back through their council rates over a minimum period of 10 years with the CRA transferred to any subsequent purchaser of the property if it was sold during that period.

Developers and builders should be aware that these changes do not affect their liability.

The Bill is expected to be released to the public on Tuesday 7 August 2018.

Details of how the new regime will work will only be clear once the Bill is released, at which time we will update you once again.

If you would like more information, contact Maddocks on (03) 9258 3555 and ask to speak to a member of the Construction and Projects team.

Click here to read our article about what the CRAs mean for councils.

 Author
Branevan Shankumar | Lawyer
T +61 3 9258 3692
E branevan.shankumar@maddocks.com.au