Lenders` concerns and requirements to reduce environmental risks
Schwaiger, B.
Lenders` concerns and requirements to reduce environmental risks - 1993 - Valuer and Land Economist 32(8) November 1993, 588-595(8) .
In the absence of statutory determination, in Australia, of liability for remedying land contamination, lenders have become wary of commitments in potentially polluted sites and have developed environmental management policies to minimise their risks. After outlining existing legislation, this article presents the results of a survey into lenders` attitudes to liability and identifies three areas of concern. Summarises lenders` risk assessment strategies with a case study.
AUSTRALIA
CONTAMINATED LAND
Contamination
ENVIRONMENTAL AUDITS
LENDER LIABILITY
LIABILITY
REMEDIATION
Lenders` concerns and requirements to reduce environmental risks - 1993 - Valuer and Land Economist 32(8) November 1993, 588-595(8) .
In the absence of statutory determination, in Australia, of liability for remedying land contamination, lenders have become wary of commitments in potentially polluted sites and have developed environmental management policies to minimise their risks. After outlining existing legislation, this article presents the results of a survey into lenders` attitudes to liability and identifies three areas of concern. Summarises lenders` risk assessment strategies with a case study.
AUSTRALIA
CONTAMINATED LAND
Contamination
ENVIRONMENTAL AUDITS
LENDER LIABILITY
LIABILITY
REMEDIATION