South Australia to propose law curbing developers' misuse of contract sunset clauses

Under existing rules, sunset clauses permit either party to end a purchase agreement if construction is not finished by a set deadline. Critics say developers are abusing this provision to walk away and profit from soaring market prices, leaving buyers without homes. The state government announced it will seek public input in the coming weeks and intends to table a bill before year-end. The proposed measure seeks to protect homebuyers from being left without a property after a developer terminates the contract.