66RPreparation of proposed contract for sale of land

66R Preparation of proposed contract for sale of land

66R Preparation of proposed contract for sale of land

(1) A vendor who, by a written or broadcast advertisement—

(a) indicates that residential property is for sale or is to be auctioned at any future time, or

(b) offers to sell residential property, or

(c) invites an offer to purchase residential property, or

(d) offers to grant an option, or

(e) invites an offer to take an option,

is guilty of an offence unless the required documents are all available for inspection at the same place by any purchaser.

Maximum penalty—10 penalty units.

(2) For the purposes of this section, the required documents are—

(a) a copy of the proposed contract for the sale of the property (excluding particulars of the purchaser and purchase price), and

(b) the documents required by section 52A to be attached to the contract before signature by the purchaser, and

(c) in the case of an offer or invitation relating to an option—a copy of the proposed option document (excluding particulars of the purchaser and consideration for the option), and

(d) in the case of an off the plan contract—a copy of the proposed disclosure statement.

(3) This section applies to sales by way of private treaty, auction or tender (including tender by post).

s 66R: Ins 1987 No 192, sec 3. Subst 1990 No 21, Sch 1 (3). Am 2018 No 75, Sch 1[9]; 2025 No 50, Sch 1[6].