HELD (1) Notice of Exercise in 2007 had no effect because of time limit on options imposed by s 167 of Retirement Villages Act 1999. (2) BBA could not rely on 1999 exercise because of laches. (3) Further, the pre-emptive and buyback provisions were void as restraints on alienation of freehold land.
Consideration of events in course of conduct of affairs of Bondi Beach Astra Retirement Village.
Case Details
Citation[2010] NSWSC 81
CourtNSWSC
JurisdictionNew South Wales
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