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LAND AND BUSINESS (SALE AND CONVEYANCING) ACT 1994 - SECT 24

LAND AND BUSINESS (SALE AND CONVEYANCING) ACT 1994 - SECT 24

24—Agent not to lodge caveat for sums owing by client

An agent who has been authorised to act on behalf of a vendor in the sale of residential land must not lodge a caveat over the land in order to secure payment of a debt owing to the agent by the vendor in connection with the sale of the land.

Maximum penalty: $5 000.