JFA deemed liable for $300,000 damages claim
The Touring Car Entrants Group has unanimously decided that JFA Pty Ltd is liable for liquidated damages of $300,000 for failing to attend last seasons V8 Supercar Championship round at Queensland Raceway.
TEGA regulations state that Level One licence holders must contest every round of the series or be liable for liquidated damages of $150,000 per licence.
With JFA Pty Ltd, owned by John and Alyson Faulkner, holding two Level One licences, they were hit with the $300,000 damages case when they failed to attend the meeting.
The Touring Car Entrants Group has unanimously decided that JFA Pty Ltd is liable for liquidated damages of $300,000 for failing to attend last seasons V8 Supercar Championship round at Queensland Raceway.
TEGA regulations state that Level One licence holders must contest every round of the series or be liable for liquidated damages of $150,000 per licence.
With JFA Pty Ltd, owned by John and Alyson Faulkner, holding two Level One licences, they were hit with the $300,000 damages case when they failed to attend the meeting.
The hearing consisted of two full days of witness evidence and statement gathering on behalf of both parties. JFA Pty Ltd argued against the liquidated damages on nine counts, all of which were dismissed by the tribunal.
The claim for liquidated damages was then applied and enforced.
TEGA Chairman Kelvin O'Reilly said the decision was in line with, and supported TEGA regulations.
"TEGA is delighted with the result," he said. "The system allows the championship to operate in a thorough and professional manner."
