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VIC Builder Undergoing Liquidation - Get Deposit Back?

Discussion in 'Commercial Law Forum' started by Rolo, 19 October 2016 at 9:19 AM.

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  1. Rolo

    Rolo Member

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    Our builder just went into liquidation. We have paid a 5% deposit, but no builders insurance was issued and we confirmed this with VMIA.

    We have been told that taking the deposit without issuing a building certificate was illegal. Will this make any positive impact on our claim to the liquidator for return of our deposit or will we still be at the back of the queue as an unsecured creditor?

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