South Australian Current Acts
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LAND AND BUSINESS (SALE AND CONVEYANCING) ACT 1994
TABLE OF PROVISIONS
Long Title
PART 1--Preliminary
1. Short title
3. Interpretation
4. Meaning of small business
PART 2--Contracts for sale of land or businesses
5. Cooling-off
6. Abolition of instalment purchase or rental purchase arrangements
7. Particulars to be supplied to purchaser of land before settlement
8. Particulars to be supplied to purchaser of small business before settlement
9. Verification of vendor's statement
10. Variation of particulars
11. Agent or auctioneer to make statements available before auction
12. Councils, statutory authorities and prescribed bodies to provide information
13. False certificate
13A. Prescribed notice to be given to purchaser
14. Offence to contravene Part
15. Remedies
16. Defences
17. Service of vendor's statement etc
PART 3--Subdivided land
18. Obligations and offences in relation to subdivided land
19. Inducement to buy subdivided land
PART 4--Special requirements relating to agents and sales representatives
20. Authority to act as agent
21. Requirements relating to offers to purchase residential land
22. Person signing document to be given copy
23. Agent not to receive commission if contract avoided or rescinded
24. Agent not to lodge caveat for sums owing by client
24A. Representations as to likely selling price in marketing residential land
24B. Financial and investment advice
24C. Agent to disclose certain benefits connected with sale or purchase
24D. Agent not to retain benefits in respect of services associated with sale or purchase of residential land
24E. Agent to supply valuation in prescribed circumstances
24F. Agent not to act for both purchaser and vendor of land or business
24G. Restriction on obtaining beneficial interest in selling or appraising property
24H. Agent not to pay commission except to officers or employees or another agent
PART 4A--Auctions
24I. Standard conditions of auction for residential land
24J. Preliminary actions and records required for auctions of residential land
24K. Registered bidders only at auctions of residential land
24L. Collusive practices at auctions of land or businesses
24M. Disruption of auction prohibited
24N. Dummy bidding prohibited at auctions of land or businesses
24O. When vendor bid by auctioneer permitted
24P. Last vendor bid must be identified if property passed in
PART 5--Preparation of conveyancing instruments
25. Part 5 subject to transitional provisions
26. Interpretation of Part 5
27. Preparation of conveyancing instrument for fee or reward
28. Preparation of conveyancing instrument by agent or related person
29. Procuring or referring conveyancing business
30. Conveyancer not to act for both parties unless authorised by regulations
31. Effect of contravention
PART 6--Miscellaneous
32. Exemptions
33. No exclusion etc of rights conferred or conditions implied or applied by Act
34. Civil remedies unaffected
35. Misrepresentation
36. False or misleading representation
37. Signing on behalf of agent
37A. Keeping of records
37B. General defence
38. Liability for act or default of officer, employee or agent
39. Offences by bodies corporate
40. Prosecutions
41. Regulations
42. Review of Parts 4 and 4A
SCHEDULE -Transitional provisions
Legislative history
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