New South Wales Consolidated Acts

LAND SALES ACT 1964 - SECT 23

23 Duties of vendors where lot is not under Real Property Act 1900

Notwithstanding any stipulation in an instalment contract, where a conveyance, duly stamped within the meaning of the Stamp Duties Act 1920 and executed pursuant to section 13, is held by or on behalf of the vendor under such contract, the vendor or the vendor’s agent shall, if the purchaser has paid to the vendor or the vendor’s agent, as the case may be, the fees referred to in paragraph (a):

(a) forthwith produce such conveyance to the proper officer at the office of the Registrar-General for registration, accompanied by the prescribed fees necessary to procure registration of such conveyance, and

(b) within seven days after so producing such conveyance, notify in writing the purchaser or the purchaser’s solicitor that the vendor or the vendor’s agent holds the conveyance duly endorsed with the appropriate form of receipt given upon the registration of the conveyance and in such notice indicate a time and place for the purchaser or the purchaser’s solicitor to inspect such registered conveyance.