Victorian Current Acts

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SALE OF LAND ACT 1962 - SECT 9AE

Rescission of prescribed contract

S. 9AE(1) amended by Nos 53/1988 s. 45(Sch. 2 items 60, 61), 56/2012 s. 27.

    (1)     If the vendor under a prescribed contract of sale of a lot fails to comply with section 9AA(1) or (2) or  9AB the purchaser may rescind the contract of sale at any time before the registration of the plan of subdivision.

S. 9AE(2) amended by Nos 53/1988 s. 45(Sch. 2 items 60, 62) (as amended by No. 47/1989 s. 19(zd)), 48/1991 s. 55(3)(a)(b).

    (2)     If the plan of subdivision is not registered within 18 months after the date of the prescribed contract of sale of a lot on that plan of subdivision, or, if the contract specifies another period, before the end of that specified period, the purchaser may, at any time after the expiration of that period but before the plan is so registered, rescind the contract.

S. 9AF inserted by No. 10216 s. 5.



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