Time limits most commonly missed in relation to contracts.
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Contracts limitations
| Action | Time limit | Legislation | Extension availability |
|---|---|---|---|
|
Action
Action for damages for breach of a simple contract |
Time limit
Six years from the date on which the cause of action accrued. |
Legislation
s.5(1)(a) Limitations of Actions Act 1958 (Vic) |
Extension availability
On application the court can extend time if it is just and reasonable to do so – s. 23 Limitation of Actions Act 1958 (Vic). |
|
Action
Action for damages for breach of a speciality contract / deed |
Time limit
Fifteen years from the date on which the cause of action accrued. |
Legislation
s.5(3)(a) Limitations of Actions Act 1958 (Vic) |
Extension availability
On application the court can extend time if it is just and reasonable to do so – s. 23 Limitation of Actions Act 1958 (Vic). |
