SYDNEY, July 23 -- Australian Prudential Regulation Authority issued the following media release: The Australian Prudential Regulation Authority (APRA) will keep its macroprudential policy settings steady following its latest review of domestic and international financial conditions and risks. APRA's macroprudential policy tools are aimed at mitigating financial stability risks at a system-wide level to promote a safe and stable financial system that enables households and businesses to confid...
Australia, July 22 -- New South Wales Land and Environment Court issued text of the following judgement on June 20: 1. COMMISSIONER: These Class 1 proceedings arise as a result of the actual refusal, by Inner West Council, of development Application 2023/0990 which seeks consent for the demolition of existing structures, boundary realignment of four existing lots and the construction of four semi-detached dwellings. 2. The site, at 1-3 Enfield Street, Marrickville, is legally known as Lot 1 DP...
Australia, July 22 -- New South Wales Land and Environment Court issued text of the following judgement on June 20: 1. COMMISSIONER: The applicant appeals the Valuer General's Determination dated 1 November 2024 pursuant to s 37(1) of the Valuation of Land Act 1916 (Valuation Act) in respect of the valuation of the land value of the property legally described as Lot 6 in Deposited Plan 308844, known as 42 Cooper Street, Strathfield NSW 2135 (the Land). 1) The proceedings fall within Class 3 of...
Australia, July 22 -- New South Wales Land and Environment Court issued text of the following judgement on June 20: 1. COMMISSIONER: The applicant appeals the Valuer General's Determination dated 1 November 2024 pursuant to s 37(1) of the Valuation of Land Act 1916 (Valuation Act) in respect of the valuation of the land value of the property legally described as Lot 1 in Deposited Plan 1091070, known as 14 Leicester Avenue, Strathfield NSW 2135 (the Land). The proceedings fall within Class 3 o...
Australia, July 22 -- New South Wales Land and Environment Court issued text of the following judgement on June 20: 1. WARD P: I agree with Adamson JA. 2. ADAMSON JA: Dr N Kalokerinos Pty Ltd (the applicant, or DNK) seeks leave to appeal against orders made by Campbell J (the primary judge) in the Common Law Division of the Supreme Court (the Court below), dismissing its appeal from a decision of the Appeal Panel of the NSW Civil and Administrative Tribunal (NCAT). Leave to appeal is required ...
Australia, July 22 -- New South Wales Land and Environment Court issued text of the following judgement on June 20: 1. The plaintiff and the defendant are cousins. They live next to each other on Oxford Street in Guildford. 2. On 18 March 2022, the parties executed an agreement (Agreement) whereby the defendant agreed to sell to the plaintiff her home at X Oxford Street, Guildford (Property) for $1,150,000. The document executed was not in the form of the standard contract for sale of land in ...
Australia, July 22 -- New South Wales Land and Environment Court issued text of the following judgement on June 20: 1. COMMISSIONER: This is an appeal pursuant to s 8.9 of the Environmental Planning and Assessment Act 1979 (EPA Act) being an appeal against the conditional approval of Development Application No. LDA2024/0062 for road widening, new traffic signals and upgrades to intersection, including land subdivision, dedication and civil works at 1226 Victoria Road, Melrose Park and Wharf Roa...
Australia, July 22 -- New South Wales Land and Environment Court issued text of the following judgement on June 20: 1. By application dated 23 May 2024, the Health Care Complaints Commission (the Commission) applied for disciplinary findings and orders under the Health Practitioner Regulation National Law (NSW) (the National Law) against a practitioner pharmacist Mr Ali Abdallah (the Respondent). 2. The orders sought by the Commission in the event that the complaints are approved or admitted a...
Australia, July 22 -- New South Wales Land and Environment Court issued text of the following judgement on June 20: 1. ADAMSON JA: I have had the benefit of reading the reasons of Hamill J in draft and agree with the orders proposed by his Honour and, substantially, with his reasons, save for the following matter. I do not agree that the sentence imposed was "very heavy", having regard to the sentencing considerations, including, most significantly, the objective seriousness of the conduct and ...
Australia, July 22 -- New South Wales Land and Environment Court issued text of the following judgement on June 20: 1. KIRK JA: I agree with Davies J. 2. DAVIES J: The applicant was found guilty after trial of three offences as follows: Count 1: Use offensive weapon in company with intent to prevent lawful apprehension contrary to s 33B(2) of the Crimes Act 1900 (NSW). The maximum penalty for this offence is 15 years' imprisonment. There is no standard non-parole period. Count 2: Police purs...