Land & Business (Sale & Conveyancing Regulations From 1 Sep 2009

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{\rtf1\uc1 \deff0 {\fonttbl{\f0 \froman \fcharset0 Times New Roman;}}{\colortbl\ red0\green0\blue0;}{\stylesheet {\s54\f0\fs32\b\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li0\ri0\fi0 preamblehead;} {\s55\f0\fs34\b\expnd0\kerning0\cf0\sb280\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 chapterhead;} {\s56\f0\fs32\b\expnd0\kerning0\cf0\sb280\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 parthead;} {\s57\f0\fs28\b\expnd0\kerning0\cf0\sb280\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 divisionhead;} {\s58\f0\fs26\b\expnd0\kerning0\cf0\sb280\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 subdivisionhead;} {\s59\f0\fs32\b\expnd0\kerning0\cf0\sb280\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 schedulehead;} {\s60\f0\fs26\b\expnd0\kerning0\cf0\sb160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 clausehead;} {\s66\f0\fs32\b\expnd0\kerning0\cf0\sb80\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li0\ri0\fi0 leghistoryhead;} {\s67\f0\fs32\b\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 contentshead;} {\s77\f0\fs28\b\expnd0\kerning0\cf0\sb280\sa120 \sl240\slmult1\ql\keep\keepn\widctlpar\li0\ri0\fi0 historyhead2;} {\s111\f0\fs30\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 toc 1;} {\s222\f0\fs26\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 toc 2;} {\s333\f0\fs22\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 toc 3;} {\s444\f0\fs18\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 toc 4;} {\s555\f0\fs22\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 toc 5;} {\s666\f0\fs26\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 toc 6;} {\s777\f0\fs30\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 toc 7;} {\s888\f0\fs34\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 toc 8;} {\s999\f0\fs38\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 toc 9;} {\*\cs15 \additive \fs20 line number;}} {\info {\title Land and Business (Sale and Conveyancing) Regulations1995} {\subject Land and Business (Sale and Conveyancing) Act1994} {\author Office of Parliamentary Counsel} {\*\category as.at} {\doccomm 1.7.2010} {\creatim\yr2010\mo6\dy30\hr14\min54\sec26} }{\docfmt {\deflang}}{\*\generator Elkera XML Print 1.0.0;} \ansi\ftnbj\sectd \titlepg{\headerf\pard\plain\f0\fs26\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrt\brdrdot\brdrw10\brsp40\brdrb\brdrdot\brdrw10\brsp40\brdrl\brdrdot\brdrw10 \brsp80\brdrr\brdrdot\brdrw10\brsp80\li0\ri0\fi0 Version: 1.7.2010\par } \titlepg{\footerf\pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrt\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 [30.6.2010] This version is

{\plain\f0\fs20\ul\expnd0\kerning0\cf0 not } published under the {\plain\f0\fs20\i\expnd0\kerning0\cf0 Legislation Revision and Publication Act 2002 }\tab \chpgn \par } \facingp{\footerl\pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrt\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 \chpgn \tab This version is {\plain\f0\fs20\ul\expnd0\kerning0\cf0 not } published under the {\plain\f0\fs20\i\expnd0\kerning0\cf0 Legislation Revision and Publication Act 2002 } [30.6.2010]\par } \facingp{\footerr\pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrt\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 [30.6.2010] This version is {\plain\f0\fs20\ul\expnd0\kerning0\cf0 not } published under the {\plain\f0\fs20\i\expnd0\kerning0\cf0 Legislation Revision and Publication Act 2002 }\tab \chpgn \par } \pgncont\sbknone\pgwsxn11907\pghsxn16840\marglsxn1418\margrsxn1418\margtsxn1984\ margbsxn1418\headery680\footery680\guttersxn284\pard\plain\f0\fs28\expnd0 \kerning0\cf0\sb240\sa0 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 South Australia\par \pard\plain\f0\fs36\b\expnd0\kerning0\cf0\sb120\sa200 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 Land and Business (Sale and Conveya ncing) Regulations\'a01995\par \pard\plain\f0\fs24\expnd0\kerning0\cf0\sb80\sa240 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 under the {\plain\f0\fs24\i\expnd0\kerning0\cf0 Land and Business (Sale and Conveyancing) Act\'a01994 }\par \pard\plain\sect\sectd \facingp{\headerl\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787\par \pard\plain\f0\fs20\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 Land and Business (Sale and C onveyancing) Regulations\'a01995\u8212 ?1.7.2010\par \pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787{\field{\*\fldinst{ STYLEREF " contentshead" \\* MERGEFORMAT}}{\fldrslt}}\par } \facingp{\headerr\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787\par \pard\plain\f0\fs20\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 1.7.2010\u8212 ?Land and Busi ness (Sale and Conveyancing)

Regulations\'a01995\par \pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787{\field{\*\fldinst{ STYLEREF " contentshead" \\* MERGEFORMAT}}{\fldrslt}}\par } \pgncont\sbknone\pgwsxn11907\pghsxn16840\marglsxn1418\margrsxn1418\margtsxn1984\ margbsxn1418\headery680\footery680\guttersxn284\pard\plain\f0\fs2\expnd0 \kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar \brdrt\brdrs\brdrw10\brsp0\li0\ri0\fi0\par \pard\plain\s67\f0\fs32\b\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0 Contents\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\keepn\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Part 1\u8212 ?Preliminary\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 1\tab S hort title\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 3\tab I nterpretation\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\keepn\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Part 2\u8212 ?Contracts for sale of land or businesses\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 4\tab F orms\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 5\tab Q ualified accountant\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 6\tab C ooling-off\u8212 ?form of certificate of legal practitioner as to independent advice\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 6A\tab Sale of land\u8212 ?instalment agreements\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 7\tab S ale of land\u8212 ?form of vendor's statement\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 8\tab S ale of land\u8212 ?particulars required, prescribed encumbrances and prescribed matters\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 9\tab S ale of small business\u8212 ?form of vendor's statement\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 10\tab Sale of small business\u8212 ?prescribed particulars\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 11\tab Sale of small business\u8212 ?form of accountant's certificate\par

\pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 12\tab Sale of land\u8212 ?prescribed inquiries\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 13\tab Sale of land\u8212 ?form of agent's certificate\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 14\tab Auctioneer to make statements available\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 15\tab Sale of land\u8212 ?provision of information etc by councils, statutory authorities and prescribed bodies\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 15A\tab Prescribed notice to be given to purchaser\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 16\tab Defences\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 16A\tab Authority to act as agent\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 16B\tab Requirements relating to offers to purchase residential land\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 16C\tab Financial and investment advice\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 16D\tab Agent to disclose certain benefits connected with sale or purchase\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 16E\tab Agent to supply valuation in prescribed circumstances\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 16F\tab Agent not to act for both purchaser and vendor of land or business\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 16G\tab Restriction on obtaining beneficial interest where agent authorised to sell or appraises property\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 16H\tab Prescribed standard conditions for auctions of residential land\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 16I\tab Preliminary

actions and records required for auctions of residential land\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 16J\tab Collusive practices at auctions of land or businesses\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\keepn\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Part 3\u8212 ?Dual representation\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 17\tab Circumstances in which conveyancer may act for both parties\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 18\tab Conveyancer must cease to act if conflict of interest arises\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 19\tab Meaning of conflict of interest\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\keepn\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Part 4\u8212 ?Miscellaneous\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 20\tab Keeping of records\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Schedule 1\u8212 ? Contracts for sale of land or businesses\u8212 ?forms\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Schedule 1A\u8212 ?Prescribed notice to be given to purchaser\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Schedule 2\u8212 ? Contracts for sale of land or businesses\u8212 ?inquiries\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Schedule 2A\u8212 ?Financial and investment advice\u8212 ?specified information and warnings\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Schedule 2B\u8212 ?Disclosure of benefits\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Schedule 2C\u8212 ?Prescribed standard conditions for auctions of residential land\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 1\tab P rescribed standard conditions\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Schedule 2D\u8212 ?Collusive practices at auctions of land or businesses\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120

\sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Schedule 3\u8212 ? Contracts for sale of land or businesses\u8212 ?fees\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Schedule 4\u8212 ? Dual representation\u8212 ?forms\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Schedule 5\u8212 ? Transitional provisions\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 1\tab S ection 90 statements prepared before commencement of Act\par \pard\plain\f0\fs22\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tx850\tqr\tldot\tx8787 2\tab S ection 91 statements prepared before commencement of Act\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Legislative histor y\par \pard\plain\f0\fs28\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\keepn\widctlpar\li0\ri0\fi0\tqr\tldot\tx8787 Appendix\u82 12 ?Divisional penalties and expiation fees\par \pard\plain\f0\fs2\expnd0\kerning0\cf0\sb120\sa120 \sl240\slmult1\ql\keep\widctlpar \brdrt\brdrs\brdrw10\brsp0\li0\ri0\fi0\par \pard\plain\sect\sectd \facingp{\headerl\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787\par \pard\plain\f0\fs20\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 Land and Business (Sale and C onveyancing) Regulations\'a01995\u8212 ?1.7.2010\par \pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 Part 1\u8212 ?Preliminary\par } \facingp{\headerr\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787\par \pard\plain\f0\fs20\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 1.7.2010\u8212 ?Land and Busi ness (Sale and Conveyancing) Regulations\'a01995\par \pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 Preliminary\u8212 ?Part 1\par } \facingp{\footerl\pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrt\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 \chpgn \tab This version is {\plain\f0\fs20\ul\expnd0\kerning0\cf0 not } published under the

{\plain\f0\fs20\i\expnd0\kerning0\cf0 Legislation Revision and Publication Act 2002 } [30.6.2010]\par } \facingp{\footerr\pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrt\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 [30.6.2010] This version is {\plain\f0\fs20\ul\expnd0\kerning0\cf0 not } published under the {\plain\f0\fs20\i\expnd0\kerning0\cf0 Legislation Revision and Publication Act 2002 }\tab \chpgn \par } \pgncont\sbknone\pgwsxn11907\pghsxn16840\marglsxn1418\margrsxn1418\margtsxn1984\ margbsxn1418\headery680\footery680\guttersxn284 {\*\bkmkstart Elkera_Print_TOC8}\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb280\ sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 Part 1\u8212 ?Preliminar y{\*\bkmkend Elkera_Print_TOC8}\par {\*\bkmkstart Elkera_Print_TOC9}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\sb 160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 1\u8212 ?Short title{\*\ bkmkend Elkera_Print_TOC9}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 These regulations may be cited as the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Land and Business (Sale and Conveyancing) Regulations\'a01995 }.\par {\*\bkmkstart Elkera_Print_TOC10}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 3\u8212 ?Interpretation{ \*\bkmkend Elkera_Print_TOC10}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (1)\ tab In these regulations, unless the contrary intention appears\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 acquired a relevant interest in the land } has the same meaning as in section\'a07 of the Act;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 Act } means the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Land and Business (Sale and Conveyancing) Act\'a01994 };\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 council }, in relation to land being sold, means the council in whose area the land is situated;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 council search report } means a report by a council that provides particulars and documentary material

under the Act or these regulations for the purposes of the preparation of a vendor's statement in relation to land;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 Crown lease } means a leasehold interest granted by the Crown under an Act;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 domestic partner } means a person who is a domestic partner within the meaning of the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Family Relationships Act\'a01975 }, whether declared as such under that Act or not;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 prescribed body } means a body prescribed for the purposes of section 12(2) of the Act (see regu lation\'a015);\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 property interest report } means a report, produced by the Department for Transport, Energy and Infrastru cture for the purposes of the preparation of a vendor's statement in relation to land, that includes\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab particulars and documentary material provided by the Department under the Act or these regul ations for the purposes of the preparation of the statement; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab a search copy of the certificate of title to the land or, in the case of a Crown lease, a copy of the lease.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (2)\tab In these regulations, a reference to a form of a particular number is a reference to the form of that number set out in Schedule 1.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (3)\tab In these regulations, a reference to the type size of printed or typewritten material is to be taken to be a reference to that type size when produced in Times New Roman font.\par \pard\plain\f0\fs20\b\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-567 Note\u8212 ?\par \pard\plain\f0\fs20\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 For definition of divisional pena lties (and divisional expiation fees) see Appendix.\par \pard\plain\sect\sectd \facingp{\headerl\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787\par \pard\plain\f0\fs20\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 Land and Business (Sale and C

onveyancing) Regulations\'a01995\u8212 ?1.7.2010\par \pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 Part 2\u8212 ?Contracts for s ale of land or businesses\par } \facingp{\headerr\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787\par \pard\plain\f0\fs20\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 1.7.2010\u8212 ?Land and Busi ness (Sale and Conveyancing) Regulations\'a01995\par \pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 Contracts for sale of land or businesses\u8212 ?Part 2\par } \facingp{\footerl\pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrt\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 \chpgn \tab This version is {\plain\f0\fs20\ul\expnd0\kerning0\cf0 not } published under the {\plain\f0\fs20\i\expnd0\kerning0\cf0 Legislation Revision and Publication Act 2002 } [30.6.2010]\par } \facingp{\footerr\pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrt\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 [30.6.2010] This version is {\plain\f0\fs20\ul\expnd0\kerning0\cf0 not } published under the {\plain\f0\fs20\i\expnd0\kerning0\cf0 Legislation Revision and Publication Act 2002 }\tab \chpgn \par } \pgncont\sbknone\pgwsxn11907\pghsxn16840\marglsxn1418\margrsxn1418\margtsxn1984\ margbsxn1418\headery680\footery680\guttersxn284 {\*\bkmkstart Elkera_Print_TOC11}\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb280 \sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 Part 2\u8212 ?Contracts for sale of land or businesses{\*\bkmkend Elkera_Print_TOC11}\par {\*\bkmkstart Elkera_Print_TOC12}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 4\u8212 ?Forms{\*\bkmken d Elkera_Print_TOC12}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 A form set out in Schedule 1 must be completed in accordance with the instructions contained in the form and, if a form indicat es that a particular document is to be attached to the form, that document must be so attached.\par {\*\bkmkstart Elkera_Print_TOC13}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s

b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 5\u8212 ?Qualified accou ntant{\*\bkmkend Elkera_Print_TOC13}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 For the purposes of paragra ph (a) of the definition of {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 qualified accountant } in section\'a03 of the Act, the required qualification in accounting is member ship of\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab CPA Australia; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the Institute of Chartered Accountants in Australia; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (c)\tab the National Institute of Accountants; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (d)\tab the Association of Taxation and Management Accountants; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (e)\tab the National Tax and Accountants' Association Limited as a Fellow.\par {\*\bkmkstart Elkera_Print_TOC14}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 6\u8212 ?Cooling-off\u82 12 ?form of certificate of legal practitioner as to independent advice{\*\bkmkend Elkera_Pri nt_TOC14}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 For the purposes of section 5(7)( b) of the Act, the form of certificate set out in Part A of Form 3 is approved for use by a legal practitioner certifying as to the giving of independent legal advice to a purchaser before the purchaser enters into a contract for the sale of land or a small business.\par {\*\bkmkstart Elkera_Print_TOC15}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 6A\u8212 ?Sale of land\u 8212 ?instalment agreements{\*\bkmkend Elkera_Print_TOC15}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 Pursuant to subsection (4)(b) of section 6 of the Act, that section does not apply in relation to a contract for the sale of land by the Minister for Infrastructure, or by the Land Management Corporatio n with respect to sale deferred purchase arrangements under the Industrial and Commercial Premises Scheme.\par {\*\bkmkstart Elkera_Print_TOC16}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0

\sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 7\u8212 ?Sale of land\u8 212 ?form of vendor's statement{\*\bkmkend Elkera_Print_TOC16}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 For the purposes of section 7(1) of the Act, a statement is in the required form if it comprises\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab Parts A, B and C of Form 1; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab Part 1 of the table of particulars set out in Division\'a01 of the Schedule of Form\'a01; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (c)\tab such items in Part 2 of that table as contain prescribed encumbrances or charges that affec t, presently or prospectively, title to, or the possession or enjoyment of, the land subject to the sale; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (d)\tab if the vendor acquired a relevant interest in the land within 12 months before the date of the contract of sale\u8212 ?that part of Division 2 of the Schedule of Form 1 headed "Particulars of transactions in last 12 months"; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (e)\tab such other parts of Division 2 of the Schedule of Form 1 as contain the matters that affect , presently or prospectively, title to, or the possession or enjoyment of, the land subject to the sale; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (f)\tab if the land subject to the sale is a community lot under the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Community Titles Act\'a01996 } or a unit under the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Strata Titles Act\'a01988 }\u8212 ?the notice in Division 3 of the Schedule of Form 1.\par {\*\bkmkstart Elkera_Print_TOC17}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 8\u8212 ?Sale of land\u8 212 ?particulars required, prescribed encumbrances and prescribed matters{\*\bkmkend Elkera_Print _TOC17}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 For the purposes of section 7(1)(b) of the Act\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the particulars required to be set out in the vendor's statement are the particulars required by the Schedule of Form 1;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0

\sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the encumbrances specified in Division 1 of the Schedule of Form 1 are prescribed encumbrances;\p ar \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (c)\tab the matters specified in Division 2 of the Schedule of Form 1 are prescribed matters to the extent that they affect, presently or prospectively, title to, or the posses sion or enjoyment of, the land subject to the sale.\par {\*\bkmkstart Elkera_Print_TOC18}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 9\u8212 ?Sale of small b usiness\u8212 ?form of vendor's statement{\*\bkmkend Elkera_Print_TOC18}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 For the purposes of section 8(1) of the Act, a statement is in the required form if it comprises\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab Parts A, B, C and D of Form 2; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab Schedule 1 of Form 2; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (c)\tab if land is sold under a contract for the sale of a small business\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab Part 1 of the table of particulars set out in Form 2 Schedule\'a02 Division\'a01; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b such items in Part 2 of that table as contain prescribed encumbrances or charges that affec t, presently or prospectively, title to, or the possession or enjoyment of, the land subject to the sale; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iii)\t ab if the vendor acquired a relevant interest in the land within 12 months before the date of the contract of sale\u8212 ?that part of Form 2 Schedule 2 Division\'a02 headed "Particulars of transactions in last 12\'a0months"; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iv)\ta b such other parts of Form 2 Schedule 2 Division 2 as contain the matters that affect, presen tly or prospectively, title to, or the possession or enjoyment of, the land subject to the sale; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (v)\tab if the land

subject to the sale is a community lot under the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Community Titles Act\'a01996 } or a unit under the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Strata Titles Act\'a01988 }\u8212 ?the notice in Form 2 Schedule 2 Division 3; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (d)\tab if the matters set out under the heading "Particulars relating to environment protection" or the heading "Particulars relating to {\plain\f0\fs23\i\expnd0\kerning0\cf0 Livestock Act\'a01997 }" in Form 2 Schedule 2 Division 2 affect, presently or prospectively, the busin ess subject to the sale\u8212 ?the parts of that Division that contain those matters .\par {\*\bkmkstart Elkera_Print_TOC19}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 10\u8212 ?Sale of small business\u8212 ?prescribed particulars{\*\bkmkend Elkera_Print_TOC19}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 For the purposes of section 8(1)(b) of the Act, the prescribed particulars are\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the particulars set out in Form 2 Schedule 1; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the particulars set out in Form 2 Schedule 2 Division 2 under the headings "Particulars relating to environment protection" and "Particulars relating to {\plain\f0\fs23\i\expnd0\kerning0\cf0 Livestock Act\'a01997 }" to the extent that the matters set out under those headings affect, presently or prospectively, the business the subject of the sale.\par {\*\bkmkstart Elkera_Print_TOC20}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 11\u8212 ?Sale of small business\u8212 ?form of accountant's certificate{\*\bkmkend Elkera_Print_TOC20}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 For the purposes of section 8(2) of the Act, the certificate to be signed by or on behalf of a qualified accountant must be in the form set out in Part D of Form 2.\par {\*\bkmkstart id4261dcd3_c03c_4a87_9d73_d0e144dd2a4321}\pard\plain\s60\f0\fs26\b \expnd0\kerning0\cf0\sb160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 12\u8212 ?Sale of land\u 8212 ?prescribed inquiries{\*\bkmkend id4261dcd3_c03c_4a87_9d73_d0e144dd2a4321}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (1)\ tab For the purposes of section 9(1)(a) and (2)(a) of the Act, the following inquiries in relation to land subject to a sale are prescribed:\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab

to inquire of the vendor as to what mortgages, charges, prescribed encumbrances and prescri bed matters affect, presently or prospectively, title to, or the possession or enjoy ment of, the land; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab to search any title kept at the Lands Titles Registration Office on which is entered any interest that affects, presently or prospectively, title to, or the possession or enjoyment of, the land and to obtain particulars of any such interest; and\pa r \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (c)\tab to request the vendor to produce any document in the possession of the vendor relating to any mortgage, charge or prescribed encumbrance to which the land is subject, or relating to any prescribed matter that affects, presently or prospectively, title to, or the possession or enjoyment of, the land and to inspect any documen t so produced; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (d)\tab if a document referred to in paragraph\'a0(c) is no longer in the possession of the vendor, to take all practicable measures to inspect the original or a copy of such a document; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (e)\tab to inquire from the vendor and the council as to the existence of insurance under Division 3 of Part 5 of the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Building Work Contractors Act\'a01995 } (or the repealed {\plain\f0\fs23\i\expnd0\kerning0\cf0 Builders Licensing Act\'a01986 }) in relation to any building work on the land; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (f)\tab to inquire\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab in relation to a charge or prescribed encumbrance specified in column 1 of table 1 in Schedu le 2, of the bodies specified in column\'a02 opposite, whether or not the council, a statutory authority or a prescribed body has the benefit of such a charge or prescribed encumbrance over the land; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b in relation to a matter specified in column 1 of table 2 in Schedule 2, of the bodies specif ied in column 2 opposite, whether or not the matter affects, presently or prospectiv ely, title to, or the possession or enjoyment of, the land; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (g)\tab to seek,

from the vendor and the bodies specified in column 2 of the tables set out in Schedule 2, the particulars and documentary material required by the relevant part of the prescribed form of all mortgages, charges, prescribed encumbrances and prescribed matters in relation to which inquiries are made in accordance with paragraphs\'a0(a), (e) and (f); and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (h)\tab if a community lot (including a strata lot) or a development lot under the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Community Titles Act\'a01996 } or a unit under the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Strata Titles Act\'a01988 } is being sold, to seek from the vendor and the community or strata corporation (or, where specified, the Lands Titles Registration Office) the particulars and documentary material required by the relevant part of the prescribed form in relation to the lot or unit.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (2)\ tab In subregulation\'a0(1) a reference to the relevant part of the prescribed form is a reference to\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab in the case of the sale of land not under a contract for the sale of a business\u8212 ?the Schedule of Form 1;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab in the case of the sale of land under a contract for the sale of a small business\u8212 ?Schedule 2 of Form 2.\par {\*\bkmkstart Elkera_Print_TOC22}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 13\u8212 ?Sale of land\u 8212 ?form of agent's certificate{\*\bkmkend Elkera_Print_TOC22}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 For the purposes of section 9(1)(b) and (2)(b) of the Act, the certificate signed by the agent must\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab if land is being sold but not under a contract for the sale of a business\u8212 ?be in the form set out in Part D of Form 1;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab if land is being sold under a contract for the sale of a small business\u8212 ?be in the form set out in Part E of Form 2.\par {\*\bkmkstart Elkera_Print_TOC23}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 14\u8212 ?Auctioneer to make statements available{\*\bkmkend Elkera_Print_TOC23}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 For the purposes of section 11(b) of the Act, an auctioneer must cause public advertisement of the times and places

at which a vendor's statement may be inspected to be included (in the form set out in Form 4)\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab in each public notice of the sale of the land or small business; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab if the sale is notified in a newspaper, magazine or other publication, to be displayed promi nently, in the advertisement or block of advertisements containing the notice of the sale.\par {\*\bkmkstart idcc77fc59_75c1_44f3_91f6_338f1d40e28b24}\pard\plain\s60\f0\fs26\b \expnd0\kerning0\cf0\sb160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 15\u8212 ?Sale of land\u 8212 ?provision of information etc by councils, statutory authorities and prescribed bodies{\*\b kmkend idcc77fc59_75c1_44f3_91f6_338f1d40e28b24}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (1)\tab Fo r the purposes of section 12(1), (2) and (3) of the Act, a council, statutory authority or prescribed body must provide such particulars and documentary material as regula tion\'a012 requires to be sought from that body.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (1a)\tab F or the purposes of section 12(2) of the Act, an administrative unit of the Public Service is a prescribed body.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (2)\ tab For the purposes of section 12(3) of the Act, an application must be accompanied by\u821 2 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the appropriate fee set out in Schedule 3; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the following documents:\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab in the case of an application relating to land in respect of which a certificate of title has been issued under the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Real Property Act\'a01886 }\u8212 ?a copy of the original certificate of title or duplicate certificate of title;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b in the case of an application relating to land subject to a lease granted by the Crown under an Act\u8212 ?a copy of the lease;\par

\pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iii)\t ab in any other case\u8212 ?a copy of a document of title that sufficiently identifies the land in relation to which the application is made.\par {\*\bkmkstart Elkera_Print_TOC25}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 15A\u8212 ?Prescribed no tice to be given to purchaser{\*\bkmkend Elkera_Print_TOC25}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 For the purposes of section 13A o f the Act, the prescribed notice must be printed or typewritten in not smaller than 12 \_point type and in the form, and contain the information, set out in Schedule 1 A.\par {\*\bkmkstart Elkera_Print_TOC26}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 16\u8212 ?Defences{\*\bk mkend Elkera_Print_TOC26}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 For the purposes of section 16 of the Act\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the persons and bodies to which inquiries to obtain information are required to be made are as follows:\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab for information relating to a mortgage, charge or prescribed encumbrance specified in column 1 of table 1 set out in Schedule 2\u8212 ?the persons and bodies specified in column 2 opposite;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b for information relating to a matter specified in column 1 of table 2 set out in Schedule 2\u821 2 ?the persons and bodies specified in column 2 opposite;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iii)\t ab for information relating to a community lot (including a strata lot), a development lot or a community corporation under the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Community Titles Act\'a01996 } or a unit or strata corporation under the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Strata Titles Act\'a01988 }\u8212 ?the community or strata corporation (or, where Division 2 of the Schedu le of Form 1 or Division 2 of Schedule 2 of Form 2 indicates that the information may be obtained from the community or strata corporation or the Lands Titles Registration Office\u8212 ?the community or strata corporation or the Lands Titles Registration Office);\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the certificate signed by the legal practitioner must be in the form set out in Part A of Form 3;\par

\pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (c)\tab the instrument of waiver signed by the purchaser must be in the form set out in Part B of Form 3.\par {\*\bkmkstart Elkera_Print_TOC27}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 16A\u8212 ?Authority to act as agent{\*\bkmkend Elkera_Print_TOC27}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (1)\tab Fo r the purposes of section 20(1)(c)(ii) of the Act, the prescribed number of days is 90.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (2)\ tab For the purposes of section 20(1)(e) of the Act, a sales agency agreement must comply with the following:\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the agreement must be printed or typewritten in not smaller than 12 \_point type, however, variations to the sales agency agreement may be handwritt en provided they are legible;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the agreement must specify\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab the land that is the subject of the agreement (whether by street address or description sufficient to identify the land); and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b the full names of the vendor and agent; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iii)\t ab the agent's registration number; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iv)\ta b the chattels that are included in or excluded from sale; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (v)\tab details of the circumstances in which the agent will be entitled to receive commission or fees for the sale of the land, including circumstances in which the sale may not be attributable to the agent, or may not be directly or completely attri butable to the agent;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (c)\tab the agreement must contain a term by which the agent warrants that the agent will comply with all the agent's obligations under the Act and these regulations and will act in the vendor's best interests.\par

\pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (3)\tab Au ctioneers are exempt from the requirements of section 20(1) and\'a0(3) of the Act insofar as they act on behalf of a vendor or purchaser in the sale of land or a business only by performing the functions of an auctioneer, including having or exercisin g an auctioneer's authority to sign a contract for the sale of land or a business on behalf of the vendor or purchaser after the fall of the hammer to the highest bidder at an auction.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (4)\ tab An agent is exempt from the requirements of section 20(1) and (3) of the Act insofar as the agent acts, in the sale of land or a business, on behalf of\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the South Australian Housing Trust; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the Public Trustee.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (5)\ tab An agent is exempt from the requirement of section 20(1)(c)(ii) of the Act to specify the duration of a sales agency agreement insofar as\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the agent acts, in the sale of the land that is the subject of the agreement, on behalf of a vendor who carries on the business of a developer of land; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the land or part of the land has been subdivided by the vendor.\par {\*\bkmkstart Elkera_Print_TOC28}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 16B\u8212 ?Requirements relating to offers to purchase residential land{\*\bkmkend Elkera_Print_TOC28}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 For the purposes of section 21(1)(a) and (2)(a) of the Act, an offer for residential land must contain the following details:\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the offer must, if it is in the form of a contract of sale document, include the following statement at the head of the document printed or typewritten in not smaller than 12 \_point bold type:\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi0 {\plain\f0\fs23\b\expnd0\kerning0\cf0 Notice to purchaser:

}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi0 {\plain\f0\fs23\b\expnd0\kerning0\cf0 This is a contract for the sale of residen tial land. You may be bound by the terms of this contract if it is signed by both you and the vendor. You should seek independent legal advice if you are unsure about the terms contained in this contract. Contracts for the sale of land may be subject to a 2\'a0day cooling \_off period (exercisable by the purchaser) under section\'a05 of the {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 Land and Business (Sale and Conveyancing ) Act\'a01994 }};\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the offer must, in any other case\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab be headed "NOTICE OF OFFER TO PURCHASE RESIDENTIAL LAND" printed or typewritten in upper case type not smaller than 14 \_point followed by the following statement printed or typewritten in not smalle r than 12 \_point bold type:\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi0 {\plain\f0\fs23\b\expnd0\kerning0\cf0 Note: }\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi0 {\plain\f0\fs23\b\expnd0\kerning0\cf0 This is not a contract of sale document. Both the purchaser and vendor must sign a contract of sale document before this offer becomes legally binding. An offer may be withdrawn at any time before signing a contract of sale document. Contracts of sale may also be subject to a 2 day cooling \_off period (exercisable by the purchaser) under section 5 of the {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 Land and Business (Sale and Conveyancing ) Act\'a01994 }}; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b include the following details, printed or typewritten in not smaller than 12 \_point type:\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (A)\tab the full name of the offeror;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (B)\tab the land that is the subject of the offer (whether by street address or description suffi cient to identify the land);\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (C)\tab the amount

of the offer;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (D)\tab any conditions to which the offer is subject (for example, finance, sale of another property or satisfactory building or land inspection report);\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (E)\tab the proposed date of settlement or length of time between the signing of the contract of sale and settlement.\par {\*\bkmkstart Elkera_Print_TOC29}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 16C\u8212 ?Financial and investment advice{\*\bkmkend Elkera_Print_TOC29}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 For the purposes of section 24B o f the Act, the specified information or warnings to be given to a person in respect of financial or investment advice must be in the form set out in Schedule 2A printe d or typewritten in not smaller than 12 \_point type.\par {\*\bkmkstart Elkera_Print_TOC30}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 16D\u8212 ?Agent to disc lose certain benefits connected with sale or purchase{\*\bkmkend Elkera_Print_TOC30}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 For the purposes of section 24C(2 ) of the Act, the disclosure must be in the form set out in Schedule 2B printed or typewritten in not smaller than 12 \_point type.\par {\*\bkmkstart Elkera_Print_TOC31}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 16E\u8212 ?Agent to supp ly valuation in prescribed circumstances{\*\bkmkend Elkera_Print_TOC31}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (1)\ tab For the purposes of section 24E of the Act, the prescribed circumstances in relation to the sale of land by an agent are circumstances in which\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the agent or a sales representative or another person employed by the agent has made unsol icited contact (other than by advertisement or mail) with the owner of the land; and\pa r \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab as a result of that contact, the agent has been authorised to sell the land on behalf of the owner; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (c)\tab

negotiations by the agent or sales representative for the sale of the land commence or are to commence with any person without prior advertising of the land by the agent for sale to the public.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (2)\tab An application for the approval of the Commissioner under section\'a024E(1) of the Act must be made to the Commissioner in the form approved by the Commissioner.\par {\*\bkmkstart Elkera_Print_TOC32}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 16F\u8212 ?Agent not to act for both purchaser and vendor of land or business{\*\bkmkend Elkera_Print_TOC32}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 Auctioneers are exempt from the a pplication of section\'a024F of the Act insofar as they act on behalf of both a vendor and purchaser in the sale of land or a business only by performing the functions of an auctioneer, including having or exercising an auctioneer's authority to sign a contract for the sale of land or a business on behalf of the vendor or purchaser after the fall of the hammer to the highest bidder at an auction.\par {\*\bkmkstart Elkera_Print_TOC33}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 16G\u8212 ?Restriction o n obtaining beneficial interest where agent authorised to sell or appraises property{\*\bkmk end Elkera_Print_TOC33}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (1)\ tab For the purposes of section 24G(5) of the Act\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the Commissioner may approve the obtaining by the agent or sales representative of a beneficial interest in the land or business on application by the agent or sales representa tive to the Commissioner in the form approved by the Commissioner; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the Commissioner may require the applicant to provide the Commissioner with specified information to enable the Commissioner to determine the application, verified, if the Commis sioner so requires, by statutory declaration; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (c)\tab the Commissioner may refuse the application\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab if the applicant has not provided the information required by the application or the Commissioner ; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0

\sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b if, in the opinion of the Commissioner\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (A)\tab the information provided by the applicant is inaccurate, incomplete or calculated to mislead; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (B)\tab the agent or sales representative is not acting in the best interests of the vendor; or\pa r \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (C)\tab the vendor is likely to suffer detriment as a result of the transaction; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iii)\t ab if, in the case of an application relating to the obtaining by an agent or sales repres entative of a beneficial interest in land, the agent or sales representative has not\u821 2 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (A)\tab arranged a formal written valuation of the land, at the agent's or sales representative's own expense, by a person authorised to carry on business as a land valuer under the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Land Valuers Act\'a01994 } and approved by the Commissioner; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (B)\tab furnished the vendor with a copy of the land valuer's report.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (2)\tab Fo r the purposes of paragraph (e) of the definition of {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 associate } in section 24G(11) of the Act, a relationship between the agent or sales repre sentative and a person is prescribed if the agent or sales representative will, to the knowledge of the agent or sales representative, receive a benefit from the other person in connection with a transaction or dealing relating to the land or busin ess subsequent to the agent or sales representative successfully negotiating the sale of the land or business for the vendor.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (3)\ tab An agent is exempt from the requirements of section 24G(1) and (9) of the Act in relation to the obtaining of a beneficial interest in land or a business that the agent is authorised to sell if\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0

\sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the beneficial interest is obtained as a result of the sale of the land or business; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the sale is by public auction that satisfies the requirements of subregulation\'a0(7).\pa r \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (4)\ tab A sales representative employed by an agent is exempt from the requirements of section 24G(2) of the Act in relation to the obtaining of a beneficial interest in land or a business that the agent is authorised to sell if\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the beneficial interest is obtained as a result of the sale of the land or business; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the sale is by public auction that satisfies the requirements of subregulation\'a0(7).\pa r \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (5)\ tab An agent is exempt from the requirements of section 24G(3) of the Act in relation to the obtaining of a beneficial interest in land or a business that the agent appraises if\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the beneficial interest is obtained as a result of the sale of the land or business following the appraisal; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the sale is by public auction that satisfies the requirements of subregulation\'a0(7).\pa r \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (6)\ tab A sales representative is exempt from the requirements of section\'a024G(3) of the Act in relation to the obtaining of a beneficial interest in land or a business that the sales representative appraises if\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the beneficial interest is obtained as a result of the sale of the land or business following the appraisal; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the sale is by public auction that satisfies the requirements of subregulation\'a0(7).\pa r \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (7)\tab A public auction of land or a business satisfies the requirements of this subregulation if detail s

of the auction have been advertised, at least once per week over a period of at least 2 consecutive weeks immediately before the auction, in a newspaper circulating generally throughout the State or the area in which the land or business is situated.\par {\*\bkmkstart id4e136f4f_7d50_488c_a660_c61c3fd0fcb234}\pard\plain\s60\f0\fs26\b \expnd0\kerning0\cf0\sb160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 16H\u8212 ?Prescribed st andard conditions for auctions of residential land{\*\bkmkend id4e136f4f_7d50_488c_a660_c61c3fd0fc b234}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 For the purposes of section 24I of the Act, the conditions set out in Schedule\'a02C are prescribed standard conditions for an auction conducted by an agent for the sale of residential land, binding as between\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the vendor and the purchaser; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the vendor and the auctioneer; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (c)\tab the bidders and the auctioneer.\par {\*\bkmkstart Elkera_Print_TOC35}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 16I\u8212 ?Preliminary a ctions and records required for auctions of residential land{\*\bkmkend Elkera_Print_TOC35} \par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (1)\tab Fo r the purposes of section 24J(1)(b) of the Act, all prescribed standard conditions for an aucti on conducted by an agent for the sale of residential land must be audibly announced by the auctioneer to the members of the public attending the auction immediately before the commencement of the auction.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (2)\ tab For the purposes of section 24J(1)(c), (e) and (j) of the Act\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the following details relating to an auction must be included in the auction record before the commencement of the auction:\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab the street address of the land or a description of the land sufficient to identify it;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta

b the full name of the vendor, the responsible agent and the auctioneer;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iii)\t ab the date and time of the auction;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iv)\ta b for the bidders register\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (A)\tab the full name and address of each person intending to bid at the auction (subject to the requirements of paragraph\'a0(c)); and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (B)\tab a general description of the proof of identity produced by the person in accordance with paragraph\'a0(c) and the signature of the agent verifying that the agent has sighted it; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (C)\tab if the intending bidder is proposing to bid on behalf of another person, the full name and addres s of the other person and a statement that the intending bidder is proposing to bid on behalf of that person;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the following details relating to bidding or subsequent events must be entered in the auction record:\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab for the bidders register if the auction is interrupted in order to register a further person as an intending bidder in the register\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (A)\tab the full name and address of the person (subject to the requirements of paragraph\'a0(c)) ; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (B)\tab a general description of the proof of identity produced by the person in accordance with paragraph\'a0(c) and the signature of the agent verifying that the agent has sighted it; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (C)\tab if the intending bidder is proposing to bid on behalf of another person, the full name and addres s of the other person and a statement that the intending bidder is proposing to bid on behalf of that person; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b if the land

is sold at the auction\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (A)\tab the full name and address of the purchaser; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (B)\tab the amount for which the land was sold;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iii)\t ab if the land is passed in at the auction but the auctioneer, on the same day, conducts further negotiations for the sale of the land with a person by whom, or on whose behalf, a bid for the land was made at the auction (whether or not resulting in a sale)\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (A)\tab the full name and address of that person; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (B)\tab the amounts offered by that person for the land during those negotiations; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (C)\tab in the case of a resulting sale of the land on that day to that person\u8212 ?the amount for which the land was sold;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (c)\tab details of an intending bidder must not be entered in the bidders register unless\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab the intending bidder has produced to the agent proof of his or her identity in the form of a drivers licence, passport, credit or debit card or gas, electricity or telepho ne account or similar document or card issued to the person; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b if the intending bidder is proposing to bid on behalf of another person, the bidder has\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (A)\tab provided to the agent a written authority to so act signed by the other person; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li3176\ri0\fi-794\tqc\tx2779\tx3176\tab (B)\tab produced to the agent proof of the other person's identity in the form of a drivers licen ce, passport, credit or debit card or gas, electricity or telephone account or simil ar document or card issued to the other person, or, in the case of a body corporate ,

the certificate of the body's incorporation.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (3)\tab Fo r the purposes of subregulation\'a0(2)(c)(ii), an authority or proof of identity may be an original document or a photocopy, facsimile copy or electronically scanned copy of the original document.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (4)\ tab There are exemptions from the application of section 24J(3) of the Act as follows:\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the responsible agent or, if a different person, the auctioneer is exempt insofar as the agent or auctioneer\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab discloses or makes use of information in the auction record relating to a person accepted by the auctioneer as having made the highest bid above the reserve price for a purpose connected with the auction or sale of the land on behalf of the vendor ; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b discloses to the vendor the name of a person registered in the bidders register (whether as a bidder or a person on whose behalf bids may be made); or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iii)\t ab discloses or makes use of information in the auction record as permitted by section 24J(3) of the Act;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the vendor is exempt insofar as the vendor discloses or makes use of information in the auction record disclosed to the vendor under this regulation;\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (c)\tab a person who has the auction record or has had access to it is exempt insofar as the person does anything with respect to the record, or information in it, for the purposes of the administration or enforcement of the Act or as required or autho rised by a court or tribunal constituted by law.\par {\*\bkmkstart Elkera_Print_TOC36}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 16J\u8212 ?Collusive pra ctices at auctions of land or businesses{\*\bkmkend Elkera_Print_TOC36}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 For the purposes of section 24L(3) of the Act, notice of the material parts of that section\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab must, in

the case of the sale of residential land by auction\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab include the information set out in the form in Schedule 2D printed or typewritten in not smaller than 12 \_point type; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b be supplied to each intending bidder when the person's details are being taken for entry in the bidders register; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab must, in the case of the sale by auction of any other land or a business\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab include the information set out in the form in Schedule 2D; and\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b be audibly announced by the auctioneer to the members of the public attending the auction immediately before the auction commences.\par \pard\plain\sect\sectd \facingp{\headerl\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787\par \pard\plain\f0\fs20\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 Land and Business (Sale and C onveyancing) Regulations\'a01995\u8212 ?1.7.2010\par \pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 Part 3\u8212 ?Dual representa tion\par } \facingp{\headerr\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787\par \pard\plain\f0\fs20\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 1.7.2010\u8212 ?Land and Busi ness (Sale and Conveyancing) Regulations\'a01995\par \pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 Dual representation\u8212 ?Pa rt 3\par } \facingp{\footerl\pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrt\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 \chpgn \tab This version is {\plain\f0\fs20\ul\expnd0\kerning0\cf0 not } published under the {\plain\f0\fs20\i\expnd0\kerning0\cf0 Legislation Revision and Publication Act 2002

} [30.6.2010]\par } \facingp{\footerr\pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrt\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 [30.6.2010] This version is {\plain\f0\fs20\ul\expnd0\kerning0\cf0 not } published under the {\plain\f0\fs20\i\expnd0\kerning0\cf0 Legislation Revision and Publication Act 2002 }\tab \chpgn \par } \pgncont\sbknone\pgwsxn11907\pghsxn16840\marglsxn1418\margrsxn1418\margtsxn1984\ margbsxn1418\headery680\footery680\guttersxn284 {\*\bkmkstart Elkera_Print_TOC37}\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb280 \sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 Part 3\u8212 ?Dual repre sentation{\*\bkmkend Elkera_Print_TOC37}\par {\*\bkmkstart Elkera_Print_TOC38}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 17\u8212 ?Circumstances in which conveyancer may act for both parties{\*\bkmkend Elkera_Print_TOC38}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (1)\ tab For the purposes of section 30 of the Act, a conveyancer is authorised to act for both the transferor and transferee, or the grantor and grantee, of property or rights under a transaction if\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the transferor and transferee or the grantor and grantee (in this Part referred to as {\plain\f0\fs23\b\i\expnd0\kerning0\cf0 both parties })\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (i)\tab are related to one another by blood, adoption or marriage; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (ii)\ta b are domestic partners one of the other; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iii)\t ab are bodies corporate that are related to each other for the purposes of the {\plain\f0\fs23\i\expnd0\kerning0\cf0 Corporations Act\'a02001 } of the Commonwealth; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (iv)\ta b are a proprietary company and a person who is a shareholder or director of that company; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (v)\tab are registered as the proprietors of the relevant land as tenants in common or joint tenants with one another; or\par

\pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li2382\ri0\fi-794\tqc\tx1985\tx2382\tab (vi)\ta b carry on business in partnership with each other; or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the conveyancer has obtained from both parties a written acknowledgment, or general authority, in the form set out in Schedule 4.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (2)\tab Ho wever, a conveyancer is not authorised to act for both parties to a transaction if the conveyancer is subject to a conflict of interest in relation to the transaction.\par {\*\bkmkstart Elkera_Print_TOC39}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 18\u8212 ?Conveyancer mu st cease to act if conflict of interest arises{\*\bkmkend Elkera_Print_TOC39}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (1)\ tab If, in the course of acting for both parties to a transaction, the conveyancer becomes subject to a conflict of interest in relation to the transaction, the conveyance r must notify both parties in writing and cease to act in the matter.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb80\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi0 Penalty: Division 7 fine.\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li794\ri0\fi-794\tqc\tx397\tx794\tab (2)\tab Ho wever, if both parties agree in writing that the conveyancer may continue to act for one of them, the conveyancer may continue to act for that party.\par {\*\bkmkstart Elkera_Print_TOC40}\pard\plain\s60\f0\fs26\b\expnd0\kerning0\cf0\s b160\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li567\ri0\fi-567 19\u8212 ?Meaning of con flict of interest{\*\bkmkend Elkera_Print_TOC40}\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\keepn\widctlpar\li794\ri0\fi0 For the purposes of this Pa rt, a conveyancer is subject to a conflict of interest in relation to a transaction if\u8212 ?\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (a)\tab the duties owed by the conveyancer to one party to the transaction conflict with the duties owed by the conveyancer to the other party to the transaction (for example, if the conveyancer is obliged, in fulfilling his or her duty to one party, to withhold information or advice from the other party that, by reason of the conve yancer's duty to that other party, he or she should not withhold); or\par \pard\plain\f0\fs23\expnd0\kerning0\cf0\sb120\sa0 \sl240\slmult1\ql\keep\widctlpar\li1588\ri0\fi-794\tqc\tx1191\tx1588\tab (b)\tab the conveyancer has a personal or pecuniary interest in the transaction arising otherwise than from the conveyancer's services as a conveyancer in respect of the transaction.\ par \pard\plain\sect\sectd \facingp{\headerl\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb0\sa0

\sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787\par \pard\plain\f0\fs20\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 Land and Business (Sale and C onveyancing) Regulations\'a01995\u8212 ?1.7.2010\par \pard\plain\f0\fs20\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 Part 4\u8212 ?Miscellaneous\p ar } \facingp{\headerr\pard\plain\f0\fs32\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\ql\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787\par \pard\plain\f0\fs20\b\expnd0\kerning0\cf0\sb0\sa0 \sl240\slmult1\qr\keep\widctlpar \brdrb\brdrs\brdrw10\brsp40\li0\ri0\fi0\tqr\tx8787 1