s. 9AA (1) A person shall not sell a lot in a plan of S. 9AA(1) amended by subdivision (whether certified or not) to anyone Nos 53/1988 s. 45(Sch. 2 except a statutory body or authority if the plan has items 44, 46), not been registered by the Registrar, unless— 48/1991 s. 55(1)(a)(b). (a) the contract for the sale of that lot provides S. 9AA(1)(a) amended by that the deposit moneys payable by the No. 53/1988 purchaser are to be paid— s. 45(Sch. 2 item 45). (i) to a legal practitioner, conveyancer or S. 9AA(1)(a)(i) amended by licensed estate agent acting for the Nos 53/1988 s. 45(Sch. 2 vendor to be held by the legal item 45), practitioner, conveyancer or licensed 35/1996 s. 453(Sch. 1 estate agent on trust for the purchaser item 73.2(a)(i)), until the registration of the plan of 75/2006 subdivision; or s. 192(Sch. 2 item 5.2). S. 9AA(1)(a)(ii) (ii) into a special purpose account in an amended by authorised deposit-taking institution in Nos 53/1988 Victoria specified by the vendor in the s. 45(Sch. 2 item 45), contract in the joint names of the 35/1996 purchaser and the vendor until the s. 453(Sch. 1 item 73.2(a) registration of the plan of subdivision; (ii)), 11/2001 s. 3(Sch. and item 67.2(a)). S. 9AA(1)(b) (b) the deposit moneys payable under the amended by contract do not exceed 10 per cent of the No. 53/1988 s. 45(Sch. 2 purchase price of the lot. item 45). S. 9AA(2) (2) The deposit moneys paid by the purchaser prior to amended by the registration of the plan under a prescribed No. 53/1988 s. 45(Sch. 2 contract of sale of a lot shall be paid (as the case items 46, 47). requires)—
S. 9AA(1) amended by Nos 53/1988 s. 45(Sch. 2 items 44, 46), 48/1991 s. 55(1)(a)(b). (1) A person shall not sell a lot in a plan of subdivision (whether certified or not) to anyone except a statutory body or authority if the plan has not been registered by the Registrar, unless— S. 9AA(1)(a) amended by No. 53/1988 s. 45(Sch. 2 item 45). (a) the contract for the sale of that lot provides that the deposit moneys payable by the purchaser are to be paid— S. 9AA(1)(a)(i) amended by Nos 53/1988 s. 45(Sch. 2 item 45), 35/1996 s. 453(Sch. 1 item 73.2(a)(i)), 75/2006 s. 192(Sch. 2 item 5.2). (i) to a legal practitioner, conveyancer or licensed estate agent acting for the vendor to be held by the legal practitioner, conveyancer or licensed estate agent on trust for the purchaser until the registration of the plan of subdivision; or S. 9AA(1)(a)(ii) amended by Nos 53/1988 s. 45(Sch. 2 item 45), 35/1996 s. 453(Sch. 1 item 73.2(a) (ii)), 11/2001 s. 3(Sch. item 67.2(a)). (ii) into a special purpose account in an authorised deposit-taking institution in Victoria specified by the vendor in the contract in the joint names of the purchaser and the vendor until the registration of the plan of subdivision; and s. 9AA S. 9AA(1)(b) amended by No. 53/1988 s. 45(Sch. 2 item 45). (b) the deposit moneys payable under the contract do not exceed 10 per cent of the purchase price of the lot. S. 9AA(2) amended by No. 53/1988 s. 45(Sch. 2 items 46, 47). (2) The deposit moneys paid by the purchaser prior to the registration of the plan under a prescribed contract of sale of a lot shall be paid (as the case requires)—
62-6975a143.docx