Auctioneers and Agents (Sale of Land) Amendment Act 1987 (NSW)
AUCTIONEERS AND AGENTS (SALE OF LAND)
AMENDMENT ACT 1987 No. 193
NEW SOUTH WALES
TABLE OF PROVISIONS
1. Short title
2. Commencement
3. Amendment of Act No. 28, 1941
AUCTIONEERS AND AGENTS (SALE OF LAND) AMENDMENT
ACT 1987 No. 193
NEW SOUTH WALES
Act No. 193, 1987
An Act to amend the Auctioneers and Agents Act 1941 as a consequence
| of the enactment of the Conveyancing (Sale of Land) Amendment Act 1987. |
[Assented to 4 December 1987]
Act No. 193
Auctioneers and Agents (Sale of Land) Amendment 1987
The Legislature of New South Wales enacts:
Short title
1. This Act may be cited as the Auctioneers and Agents (Sale of Land)
Amendment Act 1987.
Commencement
2. This Act commences when the Conveyancing (Sale of Land)
Amendment Act 1987 commences.
Amendment of Act No. 28, 1941
The Auctioneers and Agents Act 1941 is amended by inserting after
section 84 the following section:
Sales of residential property
84AA. (1) If a licensee, expressly or by implication—
(a)
invites an offer to purchase residential property (within the meaning of Division 8 of Part IV of the Conveyancing Act 1919); or
(b) makes an offer to sell any such residential property,
the agent is guilty of an offence unless subsection (2) is complied with or the invitation or offer is made in prescribed circumstances.
(2) This subsection is complied with only if at each place, and at all times, at which the offer to purchase may be made, there is available
for inspection by a prospective purchaser—
(a)
a copy of the terms and conditions (other than particulars of the purchaser and purchase price) of the proposed contract for
Auctioneers and Agents (Sale of Land) Amendment 1987
(3) An information for an offence under subsection (1) alleged to have been committed within 12 months after the commencement of this section may not be laid without the consent of the Minister (which shall be presumed to have been given unless the contrary is proved).
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