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Law of Property Act 2000
75Land not to be sold or mortgaged by vendor
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75 Land not to be sold or mortgaged by vendor
(1) A vendor under an instalment contract must not, unless with the
consent of the purchaser, sell or mortgage the land the subject of
the contract.
Maximum penalty: 50 penalty units.
(2) If land is mortgaged in contravention of subsection (1), the
instalment contract is voidable by the purchaser any time before
completion of the contract.
(3) Nothing in this section affects the operation of the Land Title
Act 2000.