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Mediation for traders

27 Mar 2012

MAB Corporation will meet its disaffected NewQuay traders in a mediation session on April 24 in an attempt to settle their differences over precinct management fees.

Some 27 traders took MAB (as Metro Real Estate) to the Victorian Civil and Administrative Tribunal (VCAT) last August claiming refunds of fees paid to administer and promote the precinct.

MAB successfully applied to reduce the number of claimants to 15 as only owners and not tenants actually paid the fees.  And the traders’ lawyer Frank Guastalegname said a counter claim from the precinct developer had been foreshadowed.

Mr Guastalegname said his firm was currently itemising the specific claims of the 15 property owners, some of who are claiming refunds dating back to 2006.

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