Division 2A—Due diligence checklist 68 33 Definitions 68 33A What is a due diligence checklist? 68 33B Due diligence checklist to be made available 68 33C Due diligence checklist to be published on Internet 69 Division 3—Insurance 70 34 Power of purchaser to rescind contract where house destroyed 70 35 Insurance held by vendor to enure for benefit of purchaser 71 36 Damage to land 73 Division 4—Public auctions 73 37 This Division applies to publicly advertised auctions 73 38 Dummy bidding prohibited 73 39 Offences by auctioneers 74 40 Offence to procure dummy bid 75 41 Permissible vendor bids 75 42 Offence to falsely acknowledge bid 76 43 Conditions of auctions to be made available before auction starts 76 44 Right to compensation if Division breached 76 45 Contrary conditions are void 77 46 Last vendor bids must be identified if property passed in 77 47 Disruption of auction prohibited 79 48 Regulations 80 82 48A Application of Australian Consumer Law and Fair Trading Act 2012 82 48B Infringement notices 83 85 49 Application of amendment to section 32—Agriculture Legislation (Amendments and Repeals) Act 2002 85 50 Transitional provision—Purchaser may deduct growth areas infrastructure contribution from purchase price 85 51 Amendment to section 9AA—Consumer Affairs Legislation 87 Amendment (Reform) Act 2010 52 Substitution of Division 2 of Part II—Sale of Land Amendment Act 2014 87 __________________
Division 2A—Due diligence checklist 68 33 Definitions 68 33A What is a due diligence checklist? 68 33B Due diligence checklist to be made available 68 33C Due diligence checklist to be published on Internet 69 Division 3—Insurance 70 34 Power of purchaser to rescind contract where house destroyed 70 35 Insurance held by vendor to enure for benefit of purchaser 71 36 Damage to land 73 Division 4—Public auctions 73 37 This Division applies to publicly advertised auctions 73 38 Dummy bidding prohibited 73 39 Offences by auctioneers 74 40 Offence to procure dummy bid 75 41 Permissible vendor bids 75 42 Offence to falsely acknowledge bid 76 43 Conditions of auctions to be made available before auction starts 76 44 Right to compensation if Division breached 76 45 Contrary conditions are void 77 46 Last vendor bids must be identified if property passed in 77 47 Disruption of auction prohibited 79 48 Regulations 80 82 48A Application of Australian Consumer Law and Fair Trading Act 2012 82 48B Infringement notices 83 85 49 Application of amendment to section 32—Agriculture Legislation (Amendments and Repeals) Act 2002 85 50 Transitional provision—Purchaser may deduct growth areas infrastructure contribution from purchase price 85 51 Amendment to section 9AA—Consumer Affairs Legislation Amendment (Reform) Act 2010 87 52 Substitution of Division 2 of Part II—Sale of Land Amendment Act 2014 87 __________________
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