- Oakden Developments Pty Ltd
Oakden Developments (Oakden) is a residential developer that has entered into a development agreement with Urban Renewal Authority (the South Australian Government’s land owning entity) to deliver 1600 dwellings and communal facilities (Oakden Rise Development). The communal facilities include a café/restaurant, two swimming pools, a fully furnished gym, outdoor BBQ facilities, play areas and multipurpose rooms for use by the owners and occupiers and surrounding residents of the Oakden Rise Development.
On 11 August 2022, Oakden lodged an exclusive dealing notification with the ACCC in relation to its Oakden Rise Development and associated communal facilities. Oakden intends each dwelling will be sold on the condition that the buyer enters into the Oakden Rise Club Licence (Club Licence) and becomes a member of Oakden Rise Incorporated, the entity which will own the communal facilities. The Club Licence will require a monthly fee to fund the maintenance and upkeep of the communal facilities.
Legal protection provided by an exclusive dealing notification commences immediately when the notification is lodged, and will continue unless or until the notification is revoked or withdrawn.