8All contracts for sale of land—implied terms relating to land tax

8 All contracts for sale of land—implied terms relating to land tax

8 All contracts for sale of land—implied terms relating to land tax

For the Act, section 52A(2)(b), the following terms are prescribed—

(a) if the contract specifies a date for the completion of the contract—

(i) if the date is 14 days or less after the day on which the contract is made—the term in Schedule 3, section 2, or

(ii) if the date is more than 14 days after the day on which the contract is made—the term in Schedule 3, section 3,

(b) if the contract does not specify a date for completion of the contract—

(i) if the parties to the contract agree on a date for completion that is 14 days or less after the day on which the contract is made—the term in Schedule 3, section 2, or

(ii) if the parties to the contract agree on a date for completion that is more than 14 days after the day on which the contract is made—the term in Schedule 3, section 3, or

(iii) if the parties to the contract do not agree on a date for completion—the term in Schedule 3, section 3.