Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) An agent who is acting for a buyer of land must disclose the pre-contract information to the buyer before the buyer enters into a contract for the purchase of the land.
Maximum penalty: 200 penalty units.
(2) A written acknowledgement by a buyer of land that the pre-contract information was given to the buyer before the buyer entered into a contract in relation to the land is evidence that subsection (1) has been complied with in relation to the land.
Note If a form is approved under s 177 for an acknowledgement, the form must be used.
(3) An agent who is acting for a seller of land must disclose the pre-contract information to the seller before the seller enters into a contract for the sale of the land.
Maximum penalty: 200 penalty units.
(4) A written acknowledgement by a seller of land that the pre-contract information was given to the seller before the seller entered into a contract in relation to the land is evidence that subsection (3) has been complied with in relation to the land.
Note If a form is approved under s 177 for an acknowledgement, the form must be used.
(5) An offence against this section is a strict liability offence.