(1) Old LSA, part 3 continues to apply in relation to a contract for the sale
of a proposed lot entered into before the commencement as if the amendment Act
had not been enacted.
(2) However, if, at any time before the settlement of a
contract to which the part applies, the parties to the contract agree to
settle the sale using e-conveyancing, the part is to be read with the
following changes—
‘(a)
the vendor or the vendor’s agent can not require the purchaser to settle;
and’;
(b) old LSA, section 23(1), ‘, without becoming entitled in terms
of the instrument to receive a registrable instrument of transfer in exchange
therefor’—
omit, insert —
‘(but excluding an amount payable at
settlement)’;
"old LSA" , followed by a provision number, means the provision with that
number in the Land Sales Act 1984 as in force at any relevant time before the
commencement.