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Legislative Assembly for the ACT: 2004 Week 06 Hansard (Thursday, 24 June 2004) . . Page.. 2754 ..

7D Auction conditions to be available before auction begins 

 New section 32 (3)

insert

(3) In this section:

conditions, of an auction, means—

(a) the standard auction conditions prescribed under section 31A; and

(b) any other conditions (not inconsistent with the standard auction conditions) decided by the seller for the auction.

7E Making false or misleading statements 

 Section 37 (7), definition of relevant document, paragraph (b), (c) and (d)

substitute

(b) a building and compliance inspection report; or

(c) a pest inspection report.

7F Regulation-making power 

 New section 40 (3) and (4)

insert

(3) The regulations may incorporate a law or instrument, or a provision of a law or instrument, as in force from time to time.

(4) In this section:

incorporate includes apply and adopt.

7G New part 7 

insert

Part 7 Transitional

43 Contracts entered into before 1 July 2004

Part 2 (Sale of residential property) does not apply in relation to a contract for the sale of residential property entered into before 1 July 2004.

44 Required documents not available before 31 October 2004

(1) A seller of residential property does not commit an offence against section 10 (Proposed contract etc to be available for inspection) because a required document is not available at any time before 31 October 2004 if the seller has taken all reasonable steps to obtain the document.

(2) This section expires on 31 October 2004.

45 Transitional regulations

(3) The regulations may prescribe transitional matters necessary or convenient to be prescribed because of the enactment of this Act.

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