Discussion paper – Off-the-plan contracts: Conveyancing (Sale of Land) Amendment Regulation 2019

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The Office of the Registrar General has published a discussion paper seeking feedback on new regulations to support off-the-plan reforms introduced by the Conveyancing Legislation (Amendment) Act 2018. A consultation draft of the Conveyancing (Sale of Land) Amendment Regulation 2019 has also been released.

The proposed Regulation deals with:

  • a new form of disclosure statement and additional disclosure documents to be attached to off-the-plan contracts;
  • remedies where the vendor has not met new disclosure obligations;
  • the alternative remedy of compensation where changes have rendered the disclosure statement inaccurate as to a material particular;
  • guidance as to what constitutes a ‘material particular’;
  • a new form of prescribed warning statement to reflect the extension of cooling off periods for off-the-plan contracts to 10 business days (from 5 business days, for other residential transactions).
Discussion paper – Off-the-plan contracts: Conveyancing (Sale of Land) Amendment Regulation 2019

The discussion paper was released on 26 June 2019.

Discussion paper – Off-the-plan contracts: Conveyancing (Sale of Land) Amendment Regulation 2019

Consultation Draft - Conveyancing (Sale of Land) Amendment Regulation

Submissions will close on 24 July 2019.

More information

Changes to conveyancing laws - off-the-plan and electronic contracts