South Australian Numbered Acts

STATUTES AMENDMENT (REAL ESTATE INDUSTRY REFORM) ACT 2007 (NO 28 OF 2007) - SECT 50

50—Amendment of section 36—False or misleading representation

        (1)         Section 36(1)—delete subsection (1) and substitute:

        (1)         A person who makes a false or misleading representation for the purpose of inducing another person to—

            (a)         sell or purchase land or a business; or

            (b)         engage the first mentioned person or a third person to act as an agent in the sale or purchase of land or a business; or

            (c)         enter into any contract or arrangement in connection with the sale or purchase of land or a business,

is guilty of an offence.

Maximum penalty: $20 000 or imprisonment for 1 year.

        (2)         Section 36(2)—after "false" insert:

or misleading