MINORS (PROPERTY AND CONTRACTS) ACT 1970 - SECT 27
Approval of contract or disposition
MINORS (PROPERTY AND CONTRACTS) ACT 1970 - SECT 27
Approval of contract or disposition
27 Approval of contract or disposition
(1) A contract made by a minor or a disposition of property made by or to a
minor pursuant to an approval under this section is presumptively binding on
the minor.
(2) The Local Court may, on application by a minor, by order
approve a contract proposed to be made by a minor or a disposition of property
proposed to be made by or to a minor.
(4) The Local Court may make an order
under this section on such terms and conditions as the Court thinks fit.
(5)
The Local Court shall not make an order under this section unless it appears
to the Court that:
(a) the minor would not undertake obligations under the
proposed contract or dispose of property under the proposed
disposition of property to the value of $10,000 or upwards, and
(6) A refusal to make an order under this
section or the making of an order subject to any terms or conditions does not
prevent the minor making a further application, whether on evidence of the
same or other facts, to the Supreme Court under section 26.