Dealing with property
56 Dealing with property
A reference in this Act to dealing with property includes a reference to doing or attempting to do any of the following:
sell the property or give it away;
dispose of the property in any other way;
move or use the property;
accept the property as a gift;
take any profit, benefit or proceeds from the property;
create, increase or alter any legal or equitable right or obligation in relation to the property;
effect a change in the effective control of the property.
In subsection (1), a reference to the use of property does not include reasonable and necessary use for ordinary daily requirements of life.
Subsection (1) does not prevent:
the renewal of a pre-existing lease agreement over land; or
the issue of a notice of default by a landlord or mortgagee, and the exercise of the landlord or mortgagee's rights, under the terms of the lease or mortgage, as the case may be.
This Act’s bill:Second reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.