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It was declared that a provision that required payment by the defendants of interest at a rate of 7.5 per cent per month and permitted capitalisation of unpaid interest and payment of interest on unpaid interest to be unconscionable. Further orders made regarding calculation of outstanding money and recovery of possession on non-payment: Applegarth J.
QCA Interlocutory Judgment
[2012] QCA 94
16 Apr 2012
Application for a stay of orders that the respondent may enter into possession of and recover land mortgaged to it if, as has occurred, the appellants failed to pay the respondent $1,366,330.95 on or before 4 pm 28 March 2012. Application dismissed: Fraser JA.
QCA Interlocutory Judgment
[2012] QCA 135
23 May 2012
Further application for a stay of the orders for possession made below refused: Fraser JA.
