Sale of Land Act 1962
Div 6Options to purchase 72
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Division 6—Options to purchase 72
29WH Options to purchase 72
29WI Offence to fail to transfer money 74
Part II—Miscellaneous provisions 75
30 Definitions 75
Division 1—Cooling-off periods 77
31 Power of purchaser to terminate a contract for sale of land 77
31A Validation of notice given to estate agent 79
Division 2—Section 32 statement 80
32 Statement of matters affecting land being sold 80
32A Financial matters in respect of the land to be disclosed in section 32 statement 80
32B Insurance details in respect of the land to be disclosed in section 32 statement 82
32C Matters relating to land use to be disclosed in section 32 statement 82
32D Notices made in respect of land to be disclosed in section 32 statement 83
32E Building permits issued in respect of land to be disclosed in section 32 statement 84
32F Information relating to any owners corporation to be disclosed in section 32 statement 84
32G Growth areas infrastructure contribution details to be disclosed in section 32 statement 85
32H Disclosure of non-connected services in section 32 statement 86
32I Evidence of title required to be disclosed in section 32 statement 87
32J Information required for a section 32 statement contained in a certificate, notice, policy of insurance or other document 88
32K Supply of false information or failure to supply information in section 32 statement or failure to supply section 32 statement may result in rescission 89
32L Offence to provide false or incomplete information in section 32 statement or fail to provide statement 90
32M Other circumstance where purchaser may rescind contract of sale 91
32N Contract provision that excludes, modifies or restricts Division is void 91
32O Circumstance where vendor is not required to give purchaser another section 32 statement 91
32P Agreement to transfer forest carbon right not a contract for the sale of land 91
Division 2A—Due diligence checklist 92
33 Definitions 92
33A What is a due diligence checklist? 92
33B Due diligence checklist to be made available 92
33C Due diligence checklist to be published on Internet 93
Division 3—Insurance 94
34 Power of purchaser to rescind contract where house destroyed 94
35 Insurance held by vendor to enure for benefit of purchaser 95
36 Damage to land 97