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AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 110
General test for working out loss
110 General test for working out loss
(1) Subject to section 111 , the financial loss is the amount of the
difference between the contract price or value for the property paid by the
claimant and the contract price or value for the sale of the property by the
claimant (the
"on-sale" ).
(2) The loss is only realised if the on-sale has been completed.
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