COMMUNITY LAND MANAGEMENT ACT 1989 - SECT 15 Binding effect of development contract

COMMUNITY LAND MANAGEMENT ACT 1989 - SECT 15

15 Binding effect of development contract

(1) If a development contract is registered with a community plan, it has effect as if it included an agreement under seal with covenants to the effect of those set out in Part 1 of Schedule 2.

(2) If a development contract is registered with a precinct plan, it has effect as if it included an agreement under seal with covenants to the effect of those set out in Part 2 of Schedule 2.

(3) The development contract registered with a neighbourhood plan has effect as if it included an agreement under seal with covenants to the effect of those set out in Part 3 of Schedule 2.

(4) Any attempt to exclude, modify or restrict the operation of the covenants is void.

(5) The covenants do not affect any right or remedy a person has otherwise than under the covenants.

(6) A covenant does not merge in a transfer.

(7) Part 4 (which relates to disputes) does not apply to matters arising under the covenants.