Termination of existing contract for sale of existing lot—inaccuracy of disclosure statement | Section 422

(1)This section applies if, immediately before the commencement, a buyer may have terminated a contract under former section 209 on either of the following grounds—

(a)former section 209(1)(b)(i) applied to the contract because information contained in the disclosure statement was inaccurate in relation to a matter mentioned in former section 206(2)(b)(ii), (iii) or (iv);

(b)former section 209(1)(b)(ii) applied to the contract.

(2)Former section 209, including its application of former section 206, continues to apply to the contract.