Commonwealth Consolidated Regulations

FEDERAL CIRCUIT AND FAMILY COURT OF AUSTRALIA (FAMILY LAW) RULES 2021 - RULE 11.23

  (1)   This rule applies in relation to the sale by an enforcement officer of property seized under an Enforcement Warrant.

  (2)   The enforcement officer must specify as a condition of the sale of the property that the buyer:

  (a)   must pay:

  (i)   a deposit of at least 10% of the price fixed for the property when the buyer's offer for the property is accepted by the enforcement officer; and

  (ii)   the balance of that price within the period determined by the enforcement officer; or

  (b)   must pay the whole of the price fixed for the property when the enforcement officer accepts the buyer's offer for the property.

  (3)   The period referred to in subparagraph   (2)(a)(ii) must:

  (a)   be determined before the property is offered for sale; and

  (b)   be no longer than 42 days.