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Substitution of Division 2 of Part II—Sale of Land Amendment Act 2014

    (1)     In this section—

"Amending Act "means the Sale of Land Amendment Act 2014 ;

"commencement day" means the day on which section 4 of the Amending Act comes into operation;

old section 32 means section 32 as in force immediately before the commencement day.

    (2)     Subject to subsection (4), old section 32 (other than subsection (1)(b)) continues to apply to a vendor in respect of the sale of land on and after the commencement day if—

        (a)     before the commencement day, a statement or statements under old section 32 have been prepared and the vendor has signed that statement or statements; and

        (b)     on and after the commencement day that land remains for sale.

    (3)     If subsection (2) applies to a vendor and the vendor, on or after the commencement day, is required to amend or update the statement or statements prepared under old section 32, the vendor may amend or update the statement or statements in accordance with old section 32.

    (4)     If land offered for sale before the commencement day is withdrawn from sale and the vendor again offers the same land for sale on or after the commencement day, the vendor must comply with Divisions 2 and 2A of Part II.

    (5)     If subsection (2) applies to a vendor, on and after the commencement day, the vendor is not required to comply with Division 2A of Part II.

Section 6.

Sch. 1 (Heading) substituted by No. 42/1989 s. 4(e).

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