sec.32Application of new s 14 and old s 10A to contracts

### sec.32 Application of new s 14 and old s 10A to contracts New section 14 applies only in relation to a contract for the sale of a proposed lot entered into after the commencement. Old section 10A continues to apply after the commencement in relation to a contract for the sale of a proposed lot entered into before the commencement as if the amendment Act had not been enacted. However, if, at any time before the settlement of the contract, the parties to the contract agree to settle the sale using e-conveyancing, old section 10A is to be read with the following changes— old section 10A(1) is omitted and the following provision inserted— ‘(1) The vendor of a proposed allotment must settle the sale of the allotment not later than 18 months after the purchaser enters upon the purchase of the allotment.’; old section 10A(4) is omitted and the following provision inserted— ‘(4) If the vendor contravenes this section, the purchaser may avoid the instrument relating to the sale by written notice given to the vendor before the sale is settled.’ The purchaser may avoid the contract under old section 10A(4) for a contravention of the section by the vendor (including as it is applied under subsection (3)) only if the contravention arose other than because of the purchaser’s default. s 32 prev s 32 amd 1985 No. 105 s 27 sub 1992 No. 40 s 130 amd 1997 No. 40 s 26 om 2014 No. 46 s 47 pres s 32 ins 2014 No. 46 s 54 (sec.32-ssec.1) New section 14 applies only in relation to a contract for the sale of a proposed lot entered into after the commencement. (sec.32-ssec.2) Old section 10A continues to apply after the commencement in relation to a contract for the sale of a proposed lot entered into before the commencement as if the amendment Act had not been enacted. (sec.32-ssec.3) However, if, at any time before the settlement of the contract, the parties to the contract agree to settle the sale using e-conveyancing, old section 10A is to be read with the following changes— old section 10A(1) is omitted and the following provision inserted— ‘(1) The vendor of a proposed allotment must settle the sale of the allotment not later than 18 months after the purchaser enters upon the purchase of the allotment.’; old section 10A(4) is omitted and the following provision inserted— ‘(4) If the vendor contravenes this section, the purchaser may avoid the instrument relating to the sale by written notice given to the vendor before the sale is settled.’ (sec.32-ssec.4) The purchaser may avoid the contract under old section 10A(4) for a contravention of the section by the vendor (including as it is applied under subsection (3)) only if the contravention arose other than because of the purchaser’s default. - (a) old section 10A(1) is omitted and the following provision inserted— - ‘(1) The vendor of a proposed allotment must settle the sale of the allotment not later than 18 months after the purchaser enters upon the purchase of the allotment.’; - (b) old section 10A(4) is omitted and the following provision inserted— - ‘(4) If the vendor contravenes this section, the purchaser may avoid the instrument relating to the sale by written notice given to the vendor before the sale is settled.’