(1) A failure to comply with section 29B in
respect of land agreed to be sold under a terms contract because of a
mistake or mis‑statement in the contract relating to the description,
measurement or area of the land agreed to be sold is to be disregarded for the
purposes of this Act unless
it is a material mistake or mis-statement.
(2) Any dispute as to whether a failure is to be disregarded under subsection (1) may be determined by an arbitrator.
(3) In this section material mistake or mis‑statement means a mistake or mis‑statement that would entitle the purchaser to be discharged from the contract irrespective of the provisions of this Act.
S. 29F inserted by No. 6/2008 s. 33.