PROPERTY LAW ACT 1958 - SECT 232 Other matters in VCAT orders

PROPERTY LAW ACT 1958 - SECT 232

In any proceeding under this Division, VCAT may order—

        (a)     that the land or goods be sold by private sale or at auction;

        (b)     that the co-owners may purchase the land or goods at that sale or auction;

        (c)     in the case of a private sale, that the sale be at fair market price as determined by an independent valuer;

        (d)     in the case of an auction, that the reserve price is the reserve price set by VCAT;

        (e)     that an independent valuation of the land or goods take place;

        (f)     that a sale is to be completed within a specified time;

        (g)     that the costs of the sale be met—

              (i)     by one or more of the co-owners; or

              (ii)     from the proceeds of the sale;

        (h)     that the sale and division of the proceeds of sale or the physical division of the land or goods is subject to any terms and conditions which VCAT considers necessary or desirable in any particular case;

              (i)     in the case of land, that any necessary deed or instrument be executed and documents of title be produced or other things be done that are necessary to enable an order to be carried out effectively;

        (j)     in the case of land to which the Transfer of Land Act 1958 applies, directing the Registrar of Titles to make amendments to the Register within the meaning of that Act or do any act or make any recordings necessary to give effect to an order under this Division.

New s. 233 inserted by No. 71/2005 s. 5.