SALE OF LAND ACT 1962 - SECT 29N Purchaser may avoid contract

SALE OF LAND ACT 1962 - SECT 29N

If a terms contract is entered into in contravention of section 29M—

        (a)     the contract is voidable by the purchaser at any time before the completion of the contract; and

        (b)     the vendor is guilty of an offence and liable to a penalty of not more than 60 penalty units, in the case of a natural person or 300 penalty units, in the case of a body corporate.

S. 29O inserted by No. 6/2008 s. 33.