(2) This Division does not apply to an
option granted before the commencement of this Division (as inserted by the
Conveyancing (Sale of Land) Amendment Act 1990 ).
(3) This Division, or a
prescribed provision of this Division, does not apply to prescribed vendors,
purchasers, options or land or in prescribed circumstances.
(4) Except as
provided by regulations made for the purposes of section 66ZA, a provision of
an option or any other agreement or arrangement is void if it would, but for
this subsection, have the effect of excluding, modifying or restricting the
operation of this Division.
(5) This Division does not affect any right or
remedy available otherwise than under this Division.