CONTRACTS REVIEW ACT 1980 - SECT 16 Time for making applications for relief

CONTRACTS REVIEW ACT 1980 - SECT 16

16 Time for making applications for relief

An application for relief under this Act in relation to a contract may be made only during any of the following periods:

(a) the period of 2 years after the date on which the contract was made,

(b) the period of 3 months before or 2 years after the time for the exercise or performance of any power or obligation under, or the occurrence of any activity contemplated by, the contract, and

(c) the period of the pendency of maintainable proceedings arising out of or in relation to the contract, being proceedings (including cross-claims, whether in the nature of set-off, cross-action or otherwise) that are pending against the party seeking relief under this Act.