New South Wales Consolidated Acts

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Depreciatory conditions

30 Depreciatory conditions

(1) Where a trustee sells subject to any condition which may have been unnecessarily depreciatory--
(a) the purchaser shall not be at liberty to make any objection to the title on that ground,
(b) the sale shall not be impeached by any beneficiary upon that ground, unless it also appears that the consideration for the sale was thereby rendered inadequate,
(c) the sale shall not, after the execution of the conveyance, be impeached as against the purchaser upon that ground, unless it appears that the purchaser was acting in collusion with the trustee at the time when the contract for sale was made.
(2) This section applies to sales made either before or after the commencement of this Act.

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