This legislation has been repealed.
If a person has entered into a contract after a misrepresentation has been made to the person, the person shall, if otherwise the person would be entitled to rescind the contract without alleging fraud, be entitled, subject to this Act, to rescind the contract notwithstanding that—
(a) the misrepresentation has become a term of the contract; or
(b) the contract has been exercised; or
(c) a conveyance, transfer or other document has been registered under a law of a State or Territory as a result of the contract.