Victorian Consolidated Legislation

Sale of Land Act 1962 - SCHEDULE 2

DETAILS OF COST OF VENDOR FINANCE Deposit payable $ Balance of purchase money
including total interest but less deposit $ Final payment when periodical
payments completed $ Purchase price excluding total interest and deposit if
shown in contract $ Lowest price at which land may be bought for cash where
contract does not show purchase price less interest and deposit $ Number of
repayments No. Amount of each repayment $ *5 When repayments due Date Annual
percentage interest rate % *1 Whether variable Yes/No *2 Total interest
payable $ Charge for late payment $ NOTES:

*1. The annual percentage rate is the percentage rate which, as applied to the
daily unpaid balance of purchase money excluding interest (if shown in the
contract) or, if that is not shown in the contract, the lowest cash price at
which the land might be bought, will yield the amount equal to the total
interest.

*2. Delete where inapplicable.
3. If the interest rate is variable the amount in the Schedule should be
calculated as if the rate did not vary.
4. Amounts in the Schedule must be calculated as if all payments were made as
and when they fall due, but the penalty for late payment must still be shown.

*5. If the payments vary in amount, specify the amount of each repayment.
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