LAND ACT 1933 - SECT 118H

This legislation has been repealed.

LAND ACT 1933 - SECT 118H

118H .         Provision for increase of purchase price of land under contract of sale in certain cases. Ibid . s.10.        

                Notwithstanding anything contained in this Part, where any parcel of land, or the estate or interest therein, is in the course of being sold under a contract of sale by the legal owner thereof, and during the currency of the contract and with the approval of the purchaser land in a closed road is vested in that legal owner under section 118A (2) or (3), or land is vested in that legal owner under section 118B, 118C or 118CA, and is incorporated with the parcel of land so being sold, the purchase price or consideration expressed in the contract of sale is deemed to be increased by the amount of compensation referred to in section 118A (2), or the amount of the purchase price referred in section 118A (3), 118B, 118C or 118CA, as the case requires, and to be payable by the purchaser accordingly and the terms and conditions of the contract of sale shall extend and apply to the land so incorporated as if that land had originally formed part of the parcel of land the subject of the contract; but this section shall not affect the rights of any person in respect of any claim that has already been settled or decided.

        [Section 118H inserted by No. 41 of 1962 s.5; amended by No. 126 of 1987, s.89.]