PART 7General and interpretation

Interpretation

64Meaning of “completion”

(1)

In this Act, “completion” means—

(a)

in relation to a lease, when it is executed by the parties or constituted by any means,

(b)

in relation to any other transaction, the settlement of the transaction.

(2)

References to completion are to completion of the land transaction proposed, between the same parties, in substantial conformity with the contract.