Victorian Current Acts Victorian Current ActsIf a terms contract is entered into in contravention of section 29M—
(a) the contract is voidable by the purchaser at any time before the completion of the contract; 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.
S. 29O inserted by No. 6/2008 s. 33.