Recording particulars in contracts register
21 Recording particulars in contracts register
This section applies if a section contract is lodged with the chief executive.
The chief executive must record the following particulars in the contracts register—
particulars about the section contract, including the name of the purchaser;
particulars about a registrable or other document relating to the section contract, including when the chief executive recorded the document in the register;
any other particulars about the section contract that the chief executive considers should be recorded to ensure the register is an accurate, comprehensive and useable record of the contract, including for example—
when the section contract ends; and
the reason for the section contract ending.Examples for paragraph (ii)—
1 The amount payable under the section contract has been fully paid.
2 The purchaser breached the terms of the section contract.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.