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Legislative Assembly for the ACT: 2004 Week 06 Hansard (Thursday, 24 June 2004) . . Page.. 2624 ..

makes clear that the Civil Law (Sale of Residential Property) Act will not apply to people who have already exchanged contracts before 1 July 2004.

Another amendment will give sellers a qualified defence from prosecution but only for a limited period. This is to ensure that a seller will be able to continue to market their property, although they will still need to comply with the legislative requirements at the time of sale. This defence will give temporary protection to sellers of properties on the market but only where a seller has made some attempt to comply with the legislation and obtain the required documents. This provision will also have a limited lifespan to facilitate a smooth transition to the new system and will end on 31 October 2004.

Proposed new clauses 6A and 6ZH agreed to.

Clause 7 agreed to.

Proposed new clauses 7A to 7M.

MR WOOD (Minister for Disability, Housing and Community Services, Minister for Urban Services, Minister for Police and Emergency Services, and Minister for Arts and Heritage) (11.48): On behalf of Mr Stanhope, I move amendment No 5 circulated in my name, which inserts new clauses 7A to 7M [see schedule 1 at page 2747].

Mr Speaker, similar to amendment No 4, these amendments are the result of industry consultation. The new clauses make a number of minor and technical amendments to parts 4 and 5 of the Civil Law (Sale of Residential Property) Act 2003. The amendments are designed to facilitate a smooth market transition with a new system for conducting public auctions of residential property. In particular, the amendments will allow for standard auction conditions to be prescribed under the regulations. This will ensure that all auctions are conducted in a transparent and consistent manner.

The amendments will also provide for national industry standards to be prescribed for the purpose of pest inspection in building and compliance inspection reports. This amendment, which will ensure that all reports are benchmarked to an appropriate standard, has the support of both pest and building inspectors and their insurers.

Proposed new clauses 7A to 7M agreed to.

MR SPEAKER: Before we move on, I would like to acknowledge the presence in the gallery of students and staff from St Thomas the Apostle, Kambah, Year 5. Welcome.

Clause 8 agreed to.

Proposed new clauses 8A and 8B.

MR WOOD (Minister for Disability, Housing and Community Services, Minister for Urban Services, Minister for Police and Emergency Services, and Minister for Arts and Heritage) (11.50): Mr Speaker, on behalf of Mr Stanhope, I move amendment No 6 circulated in my name, which inserts new clauses 8A and 8B [see schedule 1 at page 2747].

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