sec.86When statutory right of termination on settlement ends if e-conveyance

### sec.86 When statutory right of termination on settlement ends if e-conveyance This section applies if— an Act provides for a right of termination, however described, in relation to a sale of land or a contract for the sale of land; and the right is expressed to end on settlement; and the sale is completed using e-conveyancing. The right of termination— ends on settlement; and may not be exercised during any period the electronic workspace for the e-conveyance is locked for the purpose of settlement. In this section— locked , in relation to an electronic workspace for an e-conveyance, means the ELN for the workspace does not allow a participating subscriber to the e-conveyance to change a document or instruction in the workspace. (sec.86-ssec.1) This section applies if— an Act provides for a right of termination, however described, in relation to a sale of land or a contract for the sale of land; and the right is expressed to end on settlement; and the sale is completed using e-conveyancing. (sec.86-ssec.2) The right of termination— ends on settlement; and may not be exercised during any period the electronic workspace for the e-conveyance is locked for the purpose of settlement. (sec.86-ssec.3) In this section— locked , in relation to an electronic workspace for an e-conveyance, means the ELN for the workspace does not allow a participating subscriber to the e-conveyance to change a document or instruction in the workspace. - (a) an Act provides for a right of termination, however described, in relation to a sale of land or a contract for the sale of land; and - (b) the right is expressed to end on settlement; and - (c) the sale is completed using e-conveyancing. - (a) ends on settlement; and - (b) may not be exercised during any period the electronic workspace for the e-conveyance is locked for the purpose of settlement.