Victorian Numbered Acts

OWNERS CORPORATIONS ACT 2006 (NO 69 OF 2006) - SECT 218

        For section 11 of the Sale of Land Act 1962 substitute —

        "11.     Owners corporation must have insurance policy

    (1)     A person cannot sell a lot affected by an owners corporation unless the vendor or the owners corporation has a current insurance policy in accordance with the Owners Corporations Act 2006 for any insurance required by that Act to be effected by the owners corporation.

    (2)     If a lot is sold in contravention of sub-section (1) the purchaser may avoid the sale at any time before the contract is completed.".