Property tycoon vows to defend legal action

WA property tycoon Nigel Satterley has vowed to defend legal action against the Satterley Property Group by a group of Secret Harbour families who claim the company mislead them over the location of the Mandurah road and rail. 

The group of nine families lodged their writs in the Federal Court this morning claiming they were the victims of a breach of the Federal Trade Practices Act and a breach of contract.

The families claim they were not told about the realignment of the Mandurah road when they purchased their blocks.

They claim the omission resulted in the busy road being metres from their doorsteps, and that they were misled about the close proximity of the Mandurah railway.

The residents are being represented by high-profile lawyer John Hammond.

Mr Satterley said the allegations against Satterley Property Group would be strongly defended.

Source www.thewest.com.au

Advertisement

Read Full Post »

Cocaine Energy Drink launched in Australia

A CONTROVERSIAL energy drink called ‘Cocaine’ and billed overseas as being more than three times stronger than Red Bull has gone on sale in Australia.

While the drink does not contain any actual cocaine, the US and UK versions have 280mg of caffeine for every 250ml can – a concentration that is illegal in Australia and New Zealand.

Local distributors say Cocaine Energy Drink is being targeted at young people in a marketing ploy that has been roundly condemned overseas.

“Cocaine is synonymous with energy,” John Mancini from Wize Distributors told news.com.au.

“People over 30 or 40 have got a different view (of the word), but to anyone between 16 and 30, they go ‘I’ll try that’.”

But Paul Dillon from Drug and Alcohol Research and Training Australia said it was abhorrent that people were trading on such a controversial name.

“I find it despicable that people are importing these sorts of products,” Mr Dillon said

“I think what the public have to realise is that these people are all about making a quick buck.

“Something like this that is out there attracting attention is going to be more appealing for a certain group.”

Over the past fortnight, several shipments of the drink – originally advertised as a legal alternative to drug of the same name – have arrived from New Zealand and cans are being sold across Sydney’s western suburbs.

The Australian version of the drink contains just 80mg of caffeine per can to comply with regulations.

A spokeswoman for Food Standards Australia said that as long as the amount of caffeine in Cocaine adhered to regulations and the cans contained correct labelling, the product was legal.

The spokeswoman for Food Standards Australia said that as long as the amount of caffeine in Cocaine adhered to regulations and the cans contained correct labelling, the product was legal..

At the time New York, a city councillor called for a boycott of the drink.

“There are only two reasons that you would seek to use this infamous and insidious name to market your so-called energy drink,” councillor James Sanders said. “Either you are woefully ignorant of the horrors of cocaine addiction, or your god is the dollar bill.”

David Raynes from the UK National Drug Prevention Alliance also criticised the manufacturer soon after the launch.

“It is people exploiting drugs,” Mr Raynes said. “It is a pretty cynical tactic exploiting illegal drugs for their own benefit.

“The fact is that subliminally, it is making the image of drug use cool and that’s what kids what to be, cool.”

The drink was temporarily pulled from shelves in the US after complaints, but has since returned to sale.

www.news.com.au

My Comment :

What ever next !

I would like to see the government take it off the market.

The Distributors  are saying   ” Don’t do the drug – Do the drink ”

I say Don’t do either

What a bloody ridiculous name for a drink.

Read Full Post »

Property : Buying at auction

By Sarah Mills
ninemsn Money

Auctions can be fun, frenetic and financially dangerous. With several hundred thousand dollars or more on the line, the tension in the room can be palpable. The stakes are high for vendors and buyers, so you need to make sure you understand the process, because it is a battleground that takes no prisoners.

Real estate agents will take a property to auction for a number of reasons. Usually, it is because the market is booming and they feel confident of extracting a higher price. Sometimes, however, the auction may be forced as part of a deceased estate or liquidation.

Home buyers on the other hand may attend an auction because they have decided on a property and are prepared to compete to lay claim to it. Others are undecided and some are hoping that the auction may turn in their favour and they get a bargain.

How does an auction work?

An auction is usually held in an Auction Room hired for the occasion or on-site at the property itself. Before you bid, you need to register with the auctioneer, giving your name, address and telephone number. You will be required to show proof of identity such as a driver’s licence, passport or credit card. This is to ensure that once you have placed a bid, you are responsible for it and can’t skip the scene. You may be given a number to display that you hold up during bidding.

The auctioneer starts proceedings by explaining the contract, terms of the auction and a description of the property. Bids are then invited from the floor. Some people may ask a real-estate agent or other person to represent them if they can’t attend but they must notify the auctioneer in writing. Make sure that before you bid, you gain all necessary, termite, building, structural and engineering reports as well as crucial legal title information.

Read Full Post »