NSW government launches new investigation into ‘sunset clawbacks’ | Owners Corporation Network

NSW government launches new investigation into ‘sunset clawbacks’

NSW government launches new investigation into ‘sunset clawbacks’

Sue Williams, Domain Reporter

3 December 2017

 

A string of Fairfax Media reports about unscrupulous property developers tearing up off-the-plan sales contracts, only to re-sell apartments for a higher price, has sparked a NSW government investigation.

Despite emergency legislation introduced to stop the so-called practice of “sunset clawbacks”, the government is still concerned the public are being ripped off – and has asked for feedback on a new discussion paper on the subject.

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