Commonwealth Consolidated Regulations

TREATY OF PEACE REGULATIONS - REG 61

(1)

Every purchase of a property is hereby required to be made in good faith; and a purchase shall be taken to be made in good faith when the sole object of the purchaser is to acquire the property in order that he may hold and use the land for his own exclusive benefit.

(2)

The Custodian in dealing with a tender for any property shall reject the tender unless he is satisfied that the tender has been made in good faith; but the Custodian shall not disallow any application as not having been made in good faith merely because the applicant has been or is to be assisted financially in connexion with such holding by a person who is eligible under the provisions of regulation 46 to purchase the property.