Competition and Consumer Act 2010 (Cth)
This Act is the new name of the Trade Practices Act 1974 (Cth) and contains the Australian Consumer Law in Schedule 2. (See also Australian Consumer Law.)
Completion
See Practical Completion (PC).
Completion Certificate
See Certificate of Practical Completion.
Compliance Schedule
A schedule setting out criteria to be complied with, and a time by which compliance must be achieved.
Compulsory Acquisition
The acquisition of land by a government Authority with no consent of the owner of that land required. The acquisition must be 'on just terms' which typically involves payment to the owner of fair, timely compensation which approximates market value of the property.
Collateral Contract
A Contract which is ancillary or related to, and the consideration for is the making of, some other Contract.
Concession Agreement or Deed
An agreement by a government to grant particular privileges to another entity. In the construction context, concessions are often effected by deeds that entitle a private entity to build public infrastructure.
Collateral Security
Security for a debt or the performance of an obligation which is provided in addition to a primary form of Security.
Concessionaire
The entity to which a concession is granted under a Concession Agreement.
Collateral Warranty
Also known as a 'sided warranty', being a Contract that is additional to the primary Contract to which it relates, which creates a contractual relationship between a party to the Contract (usually the Principal) and a third party who has an interest in the Works (such as a Subcontractor, Lessee or Financier). Parties to a Collateral Warranty have rights against the others, for example where there is a breach of the primary Contract.