I move amendment No. 44:
In page 14, lines 36 to 39, to delete subsection (6) and substitute the following:
"(6) In this section ‘purchaser' includes a lessee or mortgagee, or an intending purchaser, lessee or mortgagee, or other person, who, for valuable consideration, takes or deals for property; and purchase has a meaning corresponding with that of purchaser.".
This amendment reflects a desire by the Law Society to maintain in this legislation the same definition of purchaser as has traditionally been used and which finds its origins in the Conveyancing Act, 1882. I propose the definition in section 18 be the same as in the Conveyancing Acts which are directly relevant to this part of the Bill.