(1) A person must not knowingly arrange or broker the sale of any residential land under a rent-to-buy arrangement.
Penalty: For a natural person, 240 penalty units or imprisonment for 2 years or both;
For a body corporate, 1200 penalty units.
(2) A person must not knowingly induce another person to enter into the sale of any residential land under a rent-to-buy arrangement.
Penalty: For a natural person, 240 penalty units or imprisonment for 2 years or both;
For a body corporate, 1200 penalty units.
S. 29WE inserted by No. 14/2019 s. 22.