Victorian Current Acts

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SALE OF LAND ACT 1962 - SECT 9AF

Repayment of deposit moneys

    (1)     If—

S. 9AF(1)(a) amended by No. 53/1988 s. 45(Sch. 2 item 63).

        (a)     the vendor rescinds a prescribed contract of sale of a lot as a result of a default by the purchaser, the vendor shall be immediately entitled to be paid the deposit money in the vendor's own right; or

S. 9AF(1)(b) amended by Nos 53/1988 s. 45(Sch. 2 item 63), 48/1991 s. 55(4).

        (b)     the purchaser rescinds a prescribed contract of sale of a lot as a result of a default by the vendor or pursuant to section 9AC or  9AE, the purchaser shall be entitled to the immediate return of the deposit moneys less the amount of any occupation fees paid by the purchaser.

    (2)     Nothing in subsection (1) shall limit or affect the power of the court—

        (a)     to order the repayment of the deposit moneys (whether that order is made pursuant to section 49(2) of the Property Law Act 1958 or otherwise); or

        (b)     to relieve a purchaser against forfeiture of the deposit.

S. 9AG inserted by No. 53/1988 s. 46 (as amended by No. 47/1989 s. 19(s)(t)(u)), repealed by No. 48/1991 s. 55(5).

    *     *     *     *     *

S. 9AH inserted by No. 53/1988 s. 46 (as amended by No. 47/1989 s. 19(v)).



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