New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 61

61 Effect of rescission

(1) On service of a notice of rescission, the agency agreement is taken to be rescinded from the time it was entered into.

(2) Neither the agent nor the client is liable to pay any sum for commission, damages, costs or expenses for or in connection with the agency agreement or its rescission.

(3) The agent must refund to the client any money paid to the agent under a rescinded agency agreement.