This reference is part of the
Community Law Reform Program
Report 40: Passing of Risk Between Vendor and Purchaser of Land [PDF, 227Kb], March 1984
Tabled in parliament: 8 May 1984
Legislative action: Conveyancing (Passing of Risk) AmendmetAct 1986
To inquire into and report on:
(i) The law and practice relating to insurance or compensation in respect of damage to or destruction of improvements and other property on land the subject of a contract for sale, and as part of such inquiry to consider the following:
(ii) the manner in which the proceeds of any insurance policy held by the vendor or the purchaser, or any compensation received by either party, should be applied.
(iii) Any incidental matter.