(1) A responsible authority may enter into an agreement with an owner of land in the area covered by a planning scheme for which it is a responsible authority.
(2) A responsible authority may enter into the agreement on its own behalf or jointly with any other person or body.
(3) A responsible authority may enter into an agreement under subsection (1) with a person in anticipation of that person becoming the owner of the land.
S. 173(4) substituted by No. 48/1991 s. 63(1), amended by No. 3/2013 s. 51(6).
(4) Despite anything in this Division, if an agreement entered into with a purchaser in anticipation of the purchaser becoming owner is recorded by the Registrar of Titles, it does not bind the vendor unless the vendor assumes the purchaser's rights and obligations under the agreement.
S. 173(5) repealed by No. 86/1989 s. 4(2)(j).
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