sch.1B-sec.43Building contractor does not acquire interest in land of resident owner

### sch.1B-sec.43 Building contractor does not acquire interest in land of resident owner A domestic building contract does not give the building contractor an interest in land of a resident owner for the Land Title Act 1994 , section 122 . A building contractor who lodges a caveat claiming an interest in land of a building owner under a domestic building contract knowing the owner to be a resident owner commits an offence. Maximum penalty for subsection (2) —100 penalty units. sch 1B s 43 ins 2014 No. 57 s 60 (sch.1B-sec.43-ssec.1) A domestic building contract does not give the building contractor an interest in land of a resident owner for the Land Title Act 1994 , section 122 . (sch.1B-sec.43-ssec.2) A building contractor who lodges a caveat claiming an interest in land of a building owner under a domestic building contract knowing the owner to be a resident owner commits an offence. Maximum penalty for subsection (2) —100 penalty units.