sec.157HAdditional consequence of not giving notice of disposal

### sec.157H Additional consequence of not giving notice of disposal This section applies if section 157G applies and the recipient of the enforcement notice does not comply with section 157G (2) . The prospective buyer may end the agreement to dispose of the land or business by written notice given to the recipient before the completion of the agreement or possession under the agreement, whichever is the earlier. On the ending of the agreement under subsection (2) — a person who was paid amounts by the prospective buyer under the agreement must refund the amounts to the prospective buyer; and the prospective buyer must return to the recipient any documents about the disposal, other than the prospective buyer’s copy of the agreement. This section has effect despite any other Act or anything to the contrary in the agreement. s 157H ins 2008 No. 75 s 112 (sec.157H-ssec.1) This section applies if section 157G applies and the recipient of the enforcement notice does not comply with section 157G (2) . (sec.157H-ssec.2) The prospective buyer may end the agreement to dispose of the land or business by written notice given to the recipient before the completion of the agreement or possession under the agreement, whichever is the earlier. (sec.157H-ssec.3) On the ending of the agreement under subsection (2) — a person who was paid amounts by the prospective buyer under the agreement must refund the amounts to the prospective buyer; and the prospective buyer must return to the recipient any documents about the disposal, other than the prospective buyer’s copy of the agreement. (sec.157H-ssec.4) This section has effect despite any other Act or anything to the contrary in the agreement. - (a) a person who was paid amounts by the prospective buyer under the agreement must refund the amounts to the prospective buyer; and - (b) the prospective buyer must return to the recipient any documents about the disposal, other than the prospective buyer’s copy of the agreement.