Wednesday, 20 March 2019

 Ms KAIROUZ (Kororoit—Minister for Consumer Affairs, Gaming and Liquor Regulation, Minister for Suburban Development) (09:34): I move:

That I have leave to bring in a bill for an act to make various amendments to the Sale of Land Act 1962 in relation to off-the-plan contracts, terms contracts, rent-to-buy arrangements and options to purchase land under land banking schemes, to amend the ANZAC Day Act 1958 to impose restrictions on public auctions, and to amend the Estate Agents Act 1980 in respect of payments that may be made from the Victorian Property Fund and for other purposes.

 Mr ANGUS (Forest Hill) (09:34): I ask for a further explanation in relation to the bill.

Ms KAIROUZ: This bill implements a number of consumer protection reforms to the Sale of Land Act which are a result of the Andrews Labor government’s consumer property law review which was conducted in the last term. The bill will strengthen consumer rights in the Victorian property market by cracking down on abuse of sunset clauses by property developers; improving property sales disclosure, and protections for consumers in land banking schemes; and banning certain types of rent-to-buy schemes and public auctions before 1.00 p.m. on Anzac Day.

Motion agreed to.

Read first time.

Ordered to be read a second time tomorrow.