Sale of Land Act 1962
Subdiv 2Certain terms contracts prohibited
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Subdivision 2—Certain terms contracts prohibited
S. 29AB inserted by No. 14/2019 s. 19.
29AB Definitions
In this Subdivision—
prescribed amount means the amount prescribed by the regulations for the purposes of this Subdivision;
S. 29AB def. of sale price amended by No. 50/2024 s. 48.
sale price, in relation to a terms contract, means the price of the land that is specified in the contract, however expressed and including any amount of GST payable on the supply constituted by the sale of the land, less any discount or rebate that is specified in the contract, whether or not the discount or rebate is contingent.
S. 29B inserted by No. 6/2008 s. 33.