A frustrated contract is a contract that, subsequent to its formation, and without fault of either party, is incapable of being performed due to an unforeseen event/s. The Act recognises that frustration discharges any future promises in the contract; and allows for the repayment of money paid before frustration, payment for any benefit that a party may have received under the contract, and payment of part of all reasonable costs incurred in performing the contract. Legislation, Standards and Codes may be linked to one or more of the University's compliance frameworks either as the driver of the requirements, or as a component of the framework. The relevant frameworks are listed below.Frustrated Contracts Act 1978 (NSW) - Level 4
Relevant Compliance Frameworks
Summary