sec.62TPark owner must enter into and complete buyback agreement

### sec.62T Park owner must enter into and complete buyback agreement The park owner must, unless the park owner has a reasonable excuse, enter into a buyback agreement for the eligible home and complete the purchase of the eligible home under the buyback agreement within the buyback period. Maximum penalty—540 penalty units. Subsection (1) does not apply to the park owner if the eligible home is sold to another person within the buyback period. Without limiting what may be a reasonable excuse for subsection (1) , the park owner has a reasonable excuse if— the park owner has taken all reasonable steps to enter into a buyback agreement for the eligible home and complete the purchase of the eligible home under the agreement; but an act done, or an omission made, by the eligible home owner has prevented the park owner from entering into a buyback agreement or, if a buyback agreement has been entered into, completing the purchase of the eligible home under the agreement. See section 62Y in relation to the orders the court may make if the park owner is convicted of an offence against subsection (1) . s 62T ins 2024 No. 28 s 12 (sec.62T-ssec.1) The park owner must, unless the park owner has a reasonable excuse, enter into a buyback agreement for the eligible home and complete the purchase of the eligible home under the buyback agreement within the buyback period. Maximum penalty—540 penalty units. (sec.62T-ssec.2) Subsection (1) does not apply to the park owner if the eligible home is sold to another person within the buyback period. (sec.62T-ssec.3) Without limiting what may be a reasonable excuse for subsection (1) , the park owner has a reasonable excuse if— the park owner has taken all reasonable steps to enter into a buyback agreement for the eligible home and complete the purchase of the eligible home under the agreement; but an act done, or an omission made, by the eligible home owner has prevented the park owner from entering into a buyback agreement or, if a buyback agreement has been entered into, completing the purchase of the eligible home under the agreement. See section 62Y in relation to the orders the court may make if the park owner is convicted of an offence against subsection (1) . - (a) the park owner has taken all reasonable steps to enter into a buyback agreement for the eligible home and complete the purchase of the eligible home under the agreement; but - (b) an act done, or an omission made, by the eligible home owner has prevented the park owner from entering into a buyback agreement or, if a buyback agreement has been entered into, completing the purchase of the eligible home under the agreement.