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LVR Breaches and Andrews

The High Court Decision in Andrews v Australia and New Zealand Banking Group Ltd [2012] HCA 30 leaves open the possibility of increased interest charges as a result of being in breach of LVR covenants being construed as unenforceable penalties.
The High Court Decision in Andrews v Australia and New Zealand Banking Group Ltd [2012] HCA 30 leaves open the possibility of increased interest charges as a result of being in… http://diaspora.legal/index.php/blog/2014/05/lvr-breaches-and-andrews/