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Legislative Assembly for the ACT: 2004 Week 06 Hansard (Thursday, 24 June 2004) . . Page.. 2753 ..

insert

, or exercising a power of sale

6ZG Buyer may waive cooling-off period 

 Section 13 

omit

signing

substitute

entering into

6ZH Buyer to reimburse seller for cost of certain reports 

 Section 18 (a) and (b)

substitute

(a) a building and compliance inspection report required under section 9 (1) (g) (iii) (or, if the seller obtained more than 1 report, the latest report);

(b) a pest inspection report required under section 9 (1) (g) (vi) (or, if the seller obtained more than 1 report, the latest report).

5

Proposed new clauses 7A to 7M

Page 4, line 12—

insert

7A Bidders record 

 Section 25 (4) 

after

in relation to

insert

bidders records, including

7B Bidder’s name and address to be established by proof of identity 

 Section 26 (5)

omit

(3)

substitute

(4)

7C New  section 31A

insert

31A Standard  auction conditions

A public auction of residential property must be conducted in accordance with the standard auction conditions prescribed under the regulations.

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