Victorian Current Acts Victorian Current ActsA person must not knowingly sell any residential land (other than residential land that is agricultural land) under a terms contract where the sale price of the land is less than the prescribed amount.
Penalty: For a natural person, 240 penalty units or imprisonment for 2 years or both;
For a body corporate, 1200 penalty units.
S. 29EB inserted by No. 14/2019 s. 20.