New South Wales Consolidated Acts
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COMMUNITY LAND MANAGEMENT ACT 1989 - SECT 15
Binding effect of development contract
(1) If a development contract is registered with a community plan, it has
effect as if it included an agreement under seal with covenants to the effect
of those set out in Part 1 of Schedule 2.
(2) If a development contract is
registered with a precinct plan, it has effect as if it included an agreement
under seal with covenants to the effect of those set out in Part 2 of Schedule
2.
(3) The development contract registered with a neighbourhood plan has
effect as if it included an agreement under seal with covenants to the effect
of those set out in Part 3 of Schedule 2.
(4) Any attempt to exclude, modify
or restrict the operation of the covenants is void.
(5) The covenants do not
affect any right or remedy a person has otherwise than under the covenants.
(6) A covenant does not merge in a transfer.
(7) Part 4 (which relates to
disputes) does not apply to matters arising under the covenants.
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