sec.19BDefinitions for division

### sec.19B Definitions for division In this division— off-the-plan contract means— a contract for the sale of a proposed lot; or a contract that grants a person an option to purchase a proposed lot. registrar means the registrar of titles under the Land Title Act 1994 , schedule 2 . relevant event , for an off-the-plan contract, means— the registration by the registrar of the plan of subdivision for the proposed lot the subject of the contract; or the creation by the registrar of a separate indefeasible title for the proposed lot the subject of the contract; or settlement of the contract; or another event prescribed by regulation as a relevant event. sunset clause , for an off-the-plan contract, means a term of the contract that provides for the contract to be terminated if a relevant event does not happen by the sunset date. sunset date , for an off-the-plan contract, means— for a relevant event other than settlement of the contract— the day on or by which the relevant event for the contract must happen; or if the contract provides for the parties to the contract to extend the day mentioned in paragraph (i) to a later day—the later day; or for a relevant event that is settlement of the contract, the day that is— the day the seller must settle the contract; or if the buyer does not terminate the contract under section 14 (5) and the parties agree on another date (the later settlement day ) on which the seller must settle the contract—the later settlement day. s 19B ins 2023 No. 29 s 50 - (a) a contract for the sale of a proposed lot; or - (b) a contract that grants a person an option to purchase a proposed lot. - (a) the registration by the registrar of the plan of subdivision for the proposed lot the subject of the contract; or - (b) the creation by the registrar of a separate indefeasible title for the proposed lot the subject of the contract; or - (c) settlement of the contract; or - (d) another event prescribed by regulation as a relevant event. - (a) for a relevant event other than settlement of the contract— (i) the day on or by which the relevant event for the contract must happen; or (ii) if the contract provides for the parties to the contract to extend the day mentioned in paragraph (i) to a later day—the later day; or - (i) the day on or by which the relevant event for the contract must happen; or - (ii) if the contract provides for the parties to the contract to extend the day mentioned in paragraph (i) to a later day—the later day; or - (b) for a relevant event that is settlement of the contract, the day that is— (i) the day the seller must settle the contract; or (ii) if the buyer does not terminate the contract under section 14 (5) and the parties agree on another date (the later settlement day ) on which the seller must settle the contract—the later settlement day. - (i) the day the seller must settle the contract; or - (ii) if the buyer does not terminate the contract under section 14 (5) and the parties agree on another date (the later settlement day ) on which the seller must settle the contract—the later settlement day. - (i) the day on or by which the relevant event for the contract must happen; or - (ii) if the contract provides for the parties to the contract to extend the day mentioned in paragraph (i) to a later day—the later day; or - (i) the day the seller must settle the contract; or - (ii) if the buyer does not terminate the contract under section 14 (5) and the parties agree on another date (the later settlement day ) on which the seller must settle the contract—the later settlement day.