sec.444Continuing application of old LSA, part 3

sec.444 Continuing application of old LSA, part 3

Old LSA, part 3 continues to apply 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 a contract to which the part applies, the parties to the contract agree to settle the sale using e-conveyancing, the part is to be read with the following changes— old LSA, section 22(4)(a)— omit, insert — the vendor or the vendor’s agent can not require the purchaser to settle; and’; old LSA, section 23(1), ‘, without becoming entitled in terms of the instrument to receive a registrable instrument of transfer in exchange therefor’— omit, insert — ‘(but excluding an amount payable at settlement)’; old LSA, section 23(4)— omit ; old LSA, section 25(2)(a)— omit, insert — before settlement of the sale of the proposed lot; or’; old LSA, section 25(2)(b)(ii)— omit, insert — before settlement of the sale of the proposed lot;’; old LSA, section 27, heading— omit, insert— Purchaser’s rights if purchase not settled within a certain period’; old LSA, section 27(1)(b), ‘the vendor has not given the purchaser a registrable instrument of transfer for the lot’— omit, insert — ‘the sale of the proposed lot has not been settled’; old LSA, section 27(2), ‘before the vendor gives the purchaser the registrable instrument of transfer for the proposed lot’— omit, insert — ‘before the sale of the proposed lot has been settled’; old LSA, section 28, heading, ‘for giving of registrable instrument’— omit . In this section— e-conveyancing see the Property Law Act 1974 , section 58A . old LSA , followed by a provision number, means the provision with that number in the Land Sales Act 1984 as in force at any relevant time before the commencement. s 444 ins 2014 No. 46 s 21 (sec.444-ssec.1) Old LSA, part 3 continues to apply 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.444-ssec.2) However, if, at any time before the settlement of a contract to which the part applies, the parties to the contract agree to settle the sale using e-conveyancing, the part is to be read with the following changes— old LSA, section 22(4)(a)— omit, insert — the vendor or the vendor’s agent can not require the purchaser to settle; and’; old LSA, section 23(1), ‘, without becoming entitled in terms of the instrument to receive a registrable instrument of transfer in exchange therefor’— omit, insert — ‘(but excluding an amount payable at settlement)’; old LSA, section 23(4)— omit ; old LSA, section 25(2)(a)— omit, insert — before settlement of the sale of the proposed lot; or’; old LSA, section 25(2)(b)(ii)— omit, insert — before settlement of the sale of the proposed lot;’; old LSA, section 27, heading— omit, insert— Purchaser’s rights if purchase not settled within a certain period’; old LSA, section 27(1)(b), ‘the vendor has not given the purchaser a registrable instrument of transfer for the lot’— omit, insert — ‘the sale of the proposed lot has not been settled’; old LSA, section 27(2), ‘before the vendor gives the purchaser the registrable instrument of transfer for the proposed lot’— omit, insert — ‘before the sale of the proposed lot has been settled’; old LSA, section 28, heading, ‘for giving of registrable instrument’— omit . (sec.444-ssec.3) In this section— e-conveyancing see the Property Law Act 1974 , section 58A . old LSA , followed by a provision number, means the provision with that number in the Land Sales Act 1984 as in force at any relevant time before the commencement.