UDIA welcomes the opportunity to make a submission to the Office of the Registrar General regarding off the plan contracts and covenants. The proposed changes and considerations are crucial for ensuring that our property laws remain relevant and effective in addressing contemporary needs.
While UDIA understands that reform in respect to off the plan may be required, to deal with a small number of developers failing to deliver, it is concerned that the Discussion Paper fails to acknowledge the more widespread problems that the development industry has experienced over the last 4 years in completing projects in a timely matter.
Our full submission can be found at the Download button below