Victorian Current Acts

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SALE OF LAND ACT 1962 - SECT 29EC

Offence to advertise certain terms contracts

A person must not knowingly advertise the sale of any residential land (other than residential land that is agricultural land) under a terms contract where the sale price of the land is less than the prescribed amount.

Penalty:     For a natural person, 120 penalty units;

    For a body corporate, 500 penalty units.

S. 29F inserted by No. 6/2008 s. 33.



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