New South Wales Consolidated Acts

GLEN DAVIS ACT 1939 - SECT 18

18 Breach of conditions in contract of sale

(1) In the event of the breach or non-observance of any of the terms or conditions contained in a contract for the sale of any land made under this Part of this Act, it shall be lawful for the Minister, by notification published in the Gazette, to declare the contract to be rescinded and thereupon the contract shall be rescinded and all moneys paid to the Minister thereunder shall be forfeited.
The rescission shall not operate to extinguish the obligation to pay any moneys which are due and payable to the Minister at the date of the notification.

(2) The acceptance by or on behalf of the Minister of any moneys payable to him under the contract shall not be held to operate as a waiver of the breach or non-observance of any term or condition contained in the contract.