In claims for negligent misrepresentation or deceit, the limitation period runs from when damage is first suffered, not from a later consequential event such as the exercise of a power of sale. A plaintiff's own pleading of loss over periods predating the critical limitation date will be treated as a concession that loss accrued before that date. A cause of action for breach of mortgagee's duty under s 85 of the Property Law Act 1974 (Qld) is sufficiently pleaded where the mortgagee-mortgagor relationship, exercise of power of sale, sale at an undervalue with specific figures, and particular failures in the conduct of the sale are alleged.
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