Victorian Current Acts

SALE OF LAND ACT 1962 - SECT 29WI

A vendor must not fail to transfer any money paid by a purchaser for an option to purchase land under a land banking scheme to a legal practitioner, conveyancer or licensed estate agent in accordance with section 29WH(3).

Penalty:     For a natural person, 240 penalty units or imprisonment for 2 years or both;

    For a body corporate, 1200 penalty units.

Pt 2
(Heading and ss 23– 25) repealed by No. 7332 s. 4(Sch. 2), new Pt 2 (Heading and ss 30– 36) inserted by No. 9858 s. 3.

Part II—Miscellaneous provisions

S. 30
inserted by No. 9858 s. 3.