25K
CurrentSale contract with owner-builder, owner-builder to give prescribed notice to other party
25K Sale contract with owner-builder, owner-builder to give prescribed notice to other party
(1)
In this section —
specified period means a period specified in an order made under section 25I for the purposes of section 25F(2).
(2)
An owner‑builder must not, during a specified period, enter into a sale contract in respect of residential building work unless the owner‑builder has given the purchaser a notice in the form prescribed by the regulations.
Penalty: $10 000.
(3)
A failure to provide a notice in accordance with subsection (2) does not, of itself, invalidate a contract.
[Section 25K inserted: No. 37 of 2002 s. 17.]
Regulations
This provision refers to the regulations (prescribed by the regulations
). Made under this Act:
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