Land and Business (Sale and Conveyancing) Regulations 2010 (SA)

South Australia Land and Business (Sale and Conveyancing) Regulations 2010 under the Land and Business (Sale and Conveyancing) Act 1994

Contents Part 1—Preliminary 1 Short title 3 Interpretation Part 2—Contracts for sale of land or businesses 4 Forms 5 Qualified accountant 6 Cooling-off—form of certificate of legal practitioner as to independent advice 7 Sale of land—instalment agreements 8 Sale of land—form of vendor's statement 9 Sale of land—particulars required, prescribed encumbrances and prescribed matters 10 Sale of small business—form of vendor's statement 11 Sale of small business—prescribed particulars 12 Sale of small business—form of accountant's certificate 13 Sale of land—prescribed inquiries 14 Sale of land—form of agent's certificate 16 Sale of land—provision of information etc by councils, statutory authorities and prescribed bodies 17 Prescribed notice to be given to purchaser 18 Defences 19 Authority to act as agent 20 Requirements relating to offers to purchase residential land 20A Representations as to likely selling price in marketing residential land 21 Financial and investment advice 22 Agent to disclose certain benefits connected with sale or purchase 23 Agent to supply valuation in prescribed circumstances 24 Agent not to act for both purchaser and vendor of land or business 25 Restriction on obtaining beneficial interest in selling or appraising property 26 Standard conditions of auction for residential land 27 Preliminary actions and records required for auctions of residential land 28 Collusive practices at auctions of land or businesses Part 3—Dual representation 29 Circumstances in which conveyancer may act for both parties 30 Conveyancer must cease to act if conflict of interest arises 31 Meaning of conflict of interest Part 3A—Service of notices or documents 31A Service by fax or email of vendor's statement, certificate of agent acting on behalf of purchaser or notice of amendment to vendor's statement 31B Method of service of other notices or documents 31C Service by email of signed notices or documents Part 4—Miscellaneous 32 Keeping of records Schedule 1—Contracts for sale of land or businesses—forms Schedule 2—Prescribed notice to be given to purchaser Schedule 3—Contracts for sale of land or businesses—inquiries Schedule 4—Financial and investment advice—specified warning Schedule 5—Disclosure of benefits Schedule 6—Standard conditions of auction for residential land Schedule 7—Collusive practices at auctions of land or businesses Schedule 9—Dual representation—forms Schedule 10—Transitional provisions Part 5—Transitional provisions 7 Interpretation 8 Vendor's statement prepared before commencement of regulations 9 Use of old form of vendor's statement after commencement of regulations 10 Use of old notices, etc, after commencement of regulations Legislative history