Victorian Current Acts

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Failure of vendor to comply with requirement

    (1)     If a purchaser serves a notice on a vendor under section 29H and the vendor, without lawful excuse, fails to convey or transfer the land to the purchaser

        (a)     the vendor is deemed to have breached a condition of the terms contract and the purchaser is entitled to all civil remedies for that breach; and

        (b)     the vendor is guilty of an offence and liable to a penalty of not more than 60 penalty units, in the case of a natural person or 300 penalty units, in the case of a body corporate.

    (2)     In this section a lawful excuse includes where the vendor disputes in good faith the purchaser's entitlement to serve the notice.

S. 29K inserted by No. 6/2008 s. 33.

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