Jean Nassif and his company Toplace win a temporary reprieve against decisions to suspend their building licences after arguing it put them at risk of breaching multimillion-dollar contracts.
after finding them guilty of improper conduct.
The judge found the cancellations would have a "significant effect" on the "applicants, parties with whom they have contracted or have arrangements to undertaking rectification work and the applicants' subcontractors and employees". NCAT had heard Toplace has two Sydney projects under construction, Skyview at Castle Hill and a development at Box Hill respectively, for which contracts have been exchanged with homebuyers.
The projects' financiers, the National Australia Bank and PAG, had also asserted the bans constituted a "very serious breach" of their financial arrangements, NCAT was told.
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