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4(1)Sub-paragraph (2) applies if—
(a)before an advisory notice is served, a relevant authority enters into a contract to dispose of or acquire an interest in land, and
(b)before the disposal or acquisition is completed, an advisory notice takes effect as a result of which it is unlawful for the authority to complete the disposal or acquisition.
(2)The existence of the advisory notice does not affect any remedy in damages which may be available to any person by reason of the relevant authority’s failure to complete the contract.
(3)No action lies against a local auditor in respect of loss or damage alleged to have been caused by reason of the issue of an advisory notice which was issued in good faith.
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