Pioneer Wealth Management’s Post

The importance of the breadth of the definition of "Claim" was recently highlighted in Sun Engineering v Ravenswood Gold [2024] QSC 68. Justice Applegarth found that the principal (Ravenswood) could have recourse to a bank guarantee provided by the contractor (Sun) because of Ravenswood's restitutionary claim that it was owed money by Sun at the end of the Defects Liability Period. The (very wide) definition of "Claim" which gave rise to Ravenswood's ability to draw on the guarantee and also a promise by Sun not to seek an injunction, was held not to be limited to liquidated claims and so captured Ravenswood's claim for restitution. See more helpful updates in the link below! #constructionlaw

Relief required for 16(4) cases where 1st appeal is rejected : Sec 16,(5) will take some time to be effective. Meanwhile, the officers are pressing to make additional 20% pre deposit. This is causing undue hardship. GSTC / CBIC should give relief urgently. This is only a technical issue, but assessees will unnecessarily have to make pre deposit whose fate of refund will be uncertain. Better to give whole hearted relief.

Here is our latest 5MF. The case about a builder's duty of care in tort for economic loss to subsequent purchasers of a house is particularly interesting.

Safeguards are in place to correct any situation if unstated in Trust then choice is mine. None shall ever have access again if idiot elected again. CRE credit dried up, wonder why? Elections have consequences. Email poor choices then my response will be to vote correction upon matter by mistake made. Board will make decisions. Unless contaminated by liar then Bylaws step up. Creating stepping stones upon any whom attempt wrongful acts. All accounts are subject to seizure upon guilty verdict material Mistatements by person responsible for lies. All accounts they manage become property of board oversight.  Board has final say over all matters. Read fine print of all bank licensee agreements will find: Board upon governance holds right of seizure upon material misstatement. Banks, Accounts within banks, conglomerations, municipalities, banks or any financial entity falls under Board jurisdiction upon material mismanagement matters.

In August 2022, the small town of Cusick had $233,000 in its bank account. Seven months later it had just $249. What happened is a lesson local governments need to learn about the importance of financial checks and balances, having the proper internal controls, and the need to heed repeated audit recommendations from our Office. Read more: https://lnkd.in/gCc-YPah

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