Troubled Queensland builder Oracle has been accused of using a legal loophole in house and land contracts in an attempt to slug customers tens of thousands of extra dollars.
Glen Norris and Chris Herde 2 min readApril 22, 2022 - 7:55PM The Australian Business Network
Troubled Queensland builder Oracle has been accused of using a legal loophole in fixed-price house and land contracts to slug customers tens of thousands of extra dollars.
According to one lawyer who did not want to be named, Oracle is imposing price increases of up to $52,000 on customers on the basis they did not have possession of the land at the time the builder was due to start work, known in the contract as the Anticipated Start Date (ASD).
That was despite a related company to Oracle owning the land and being responsible for the transfer of the title to the homeowner. Failure to gain possession by the ASD is..
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