The present invention is directed to a latch mechanism for latching a door or window panel to a frame. The latch mechanism includes: a pair of first members, a first of the pair of first members being located in an upper region of either the door or window panel or the frame, and a second of the pair of first members being located in a lower region of either the door or window panel or the frame and a pair of second members, a first of the pair of second members being located in an upper region of the other of the door or window panel or the frame to the first of the pair of first members and a second of the pair of second members being located in a lower region of the other of the door or window panel or the frame to the second of the pair first members the second members being movable between an unlatched position and a latched position wherein the second members are brought into abutment with, or close proximity to, the respective first members, wherein the first members are adapted to move from the unlatched position to the latched position under a magnetic attraction to the respective second members when the door or window panel is brought into a closed condition and wherein the second members are coupled to a controller via one or more linkage members, wherein actuation of the controller results in moving the second members from the latched position to the unlatched position.