New South Wales Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[History]
[Help]
LAND SALES ACT 1964 - SECT 2
Definitions
2 Definitions
In this Part, unless the context or subject matter otherwise indicates or
requires:
"Instalment contract" means a contract, entered into after the commencement of
this Part, for the sale of a lot in a subdivision comprising five or more lots
where such contract provides for the purchase money to be paid by four or more
part payments (whether by way of preliminary or other deposit or otherwise)
and any option to purchase such a lot under which all or part of the
consideration for the granting of such option (whether or not such
consideration is to be applied to the purchase price) is payable by four or
more part payments as aforesaid, but does not include:
(a) a contract
effecting a sale without resubdivision by a vendor who acquired less than five
lots in a subdivision, or
(b) a contract for the sale of a lot within the
meaning of the Strata Schemes (Freehold Development) Act 1973 or of a
leasehold interest in a lot within the meaning of the
Strata Schemes (Leasehold Development) Act 1986 .
"Licensed conveyancer" means the holder of a licence in force under the
Conveyancers Licensing Act 1992 .
"Preliminary deposit" means an initial payment (not being a payment, or part
payment, for an option, other than an option referred to in the definition of
"instalment contract" in this section) by a person in connection with the
proposed purchase of a lot in a subdivision made to a person, or the agent of
a person, who has offered, or held himself or herself out as being willing, to
sell, or has advertised for sale, such lot, where the payment is made before
there is a contract between such persons for the sale and purchase of such
land.
"Primary application" means an application to the Registrar-General to bring
land under the provisions of the Real Property Act 1900 .
"Purchaser" includes a person (not being a person acting in the capacity of an
agent for a vendor) by whom or on whose behalf a preliminary deposit is paid
to a vendor.
"Sell" includes offer to sell, hold oneself out as being willing to sell, and
advertise for sale.
"Subdivision" has the meaning given to
"subdivision of land" by section 4B of the
Environmental Planning and Assessment Act 1979 .
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[History]
[Help]