SALE OF LAND ACT 1962 - SECT 32B Insurance details in respect of the land to be disclosed in section 32 statement

SALE OF LAND ACT 1962 - SECT 32B

A section 32 statement must contain the following insurance details in respect of the land—

        (a)     if the contract for the sale of the land does not provide for the land to remain at the risk of the vendor until the purchaser becomes entitled to possession or receipt of rents and profits, particulars of any policy of insurance maintained by the vendor in respect of any damage to or destruction of the land;

        (b)     if there is a residence on the land which was constructed within the preceding 6 years and section 137B of the Building Act 1993 applies to the residence, particulars of any required insurance under that Act applying to that residence.

S. 32C inserted by No. 33/2014 s. 4.