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SALE OF LAND ACT 1962 - SECT 9AA

Sale of land prior to approval of plan

S. 9AA(1) amended by Nos 53/1988 s. 45(Sch. 2 items 44, 46), 48/1991 s. 55(1)(a)(b).

    (1)     A person shall not sell a lot in a plan of subdivision (whether certified or not) to anyone except a statutory body or authority if the plan has not been registered by the Registrar, unless—

S. 9AA(1)(a) amended by No. 53/1988 s. 45(Sch. 2 item 45).

        (a)     the contract for the sale of that lot provides that the deposit moneys payable by the purchaser are to be paid—

S. 9AA(1)(a)(i) amended by Nos 53/1988 s. 45(Sch. 2 item 45), 35/1996 s. 453(Sch. 1 item 73.2(a)(i)), 75/2006 s. 192(Sch.  2 item 5.2), 63/2010 s. 57(1)(a)(i).

              (i)     to a legal practitioner, conveyancer or licensed estate agent acting for the vendor to be held by the legal practitioner, conveyancer or licensed estate agent on trust for the purchaser until the registration of the plan of subdivision; and

S. 9AA(1)(a)(ii) amended by Nos 53/1988 s. 45(Sch. 2 item 45), 35/1996 s. 453(Sch. 1 item 73.2(a) (ii)), 11/2001 s. 3(Sch. item 67.2(a)), repealed by No. 63/2010 s. 57(1)(a)(ii).

    *     *     *     *     *

S. 9AA(1)(b) amended by No. 53/1988 s. 45(Sch. 2 item 45).

        (b)     the deposit moneys payable under the contract do not exceed 10 per cent of the purchase price of the lot.

Note to s. 9AA(1)(b) inserted by No. 63/2010 s. 57(1)(b).

Note

The expression "does not exceed 10 per cent" means that a deposit may be up to and including 10 per cent.

S. 9AA(1A) inserted by No. 63/2010 s. 57(2) (as amended by No. 56/2012 s. 26).

    (1A)     A contract for the sale of a lot referred to in subsection (1) must contain a conspicuous notice to the purchaser stating—

        (a)     that subject to the limit set by subsection (1)(b), the purchaser may negotiate with the vendor about the amount of deposit moneys payable under the contract; and

        (b)     that a substantial period of time may elapse between the day on which the purchaser signs the contract for sale and the day on which the purchaser becomes the registered proprietor of the lot; and

        (c)     that the value of the lot may change between the day on which the purchaser signs the contract for sale of that lot and the day on which the purchaser becomes the registered proprietor.

S. 9AA(2) amended by Nos 53/1988 s. 45(Sch. 2 items 46, 47), 35/1996 s. 453(Sch. 1 item 73.2(b)), 11/2001 s. 3(Sch. item 67.2(b)), 75/2006 s. 192(Sch.  2 item 5.2), substituted by No. 63/2010 s. 57(3).

    (2)     The deposit moneys paid by the purchaser before the registration of the plan under a prescribed contract of sale of a lot must be paid to the legal practitioner, conveyancer or licensed estate agent acting for the vendor.

S. 9AA(3) amended by No. 35/1996 s. 453(Sch. 1 item 73.2(c)), repealed by No. 63/2010 s. 57(4).

    *     *     *     *     *

S. 9AA(4) amended by Nos 35/1996 s. 453(Sch. 1 item 73.2(d)), 11/2001 s. 3(Sch. item 67.2(b)), repealed by No. 63/2010 s. 57(4).

    *     *     *     *     *

S. 9AA(5) repealed by No. 53/1988 s. 45(Sch. 2 item 48), new  s. 9AA(5) inserted by No. 48/1991 s. 55(2).

    (5)     A person may sell land under a prescribed contract despite anything in section 8A.

S. 9AA(6) amended by Nos 53/1988 s. 45(Sch. 2 items 49, 50) (as amended by No. 47/1989 s. 19(z)), 48/1991 s. 55(1)(c), 11/2001 s. 3(Sch. item 67.2(c)), substituted by No. 63/2010 s. 57(5).

    (6)     In this section (except subsection (1)(b)) and section 9AF, "deposit moneys "in relation to the sale of a lot includes any moneys which are part of the purchase price received by the vendor or on behalf of the vendor before the purchaser becomes entitled to a transfer or conveyance of the lot.

S. 9AA(7) amended by No. 53/1988 s. 45(Sch. 2 item 50) (as amended by No. 47/1989 s. 19(za)).

    (7)     In this section and in sections 9AB to 9AF and 10 prescribed contract of sale means a contract of sale of a kind referred to in subsection (1) of this section.

S. 9AAA inserted by No. 53/1988 s. 45(Sch. 2 item 51) (as amended by No. 47/1989 s. 19(zb)(i)(ii)), substituted by No. 69/2006 s. 217.



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