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ARTICLE · 09 DECEMBER 2019

Changes To Off-The-Plan Conveyancing Legislation In New South Wales

The amended Conveyancing (Sale of Land) Act and Conveyancing (Sale of Land) Regulation have raised the standard of conduct for developers and are ultimately targeted at providing purchasers ....

AustraliaReal Estate and Construction

The amended Conveyancing (Sale of Land) Act and Conveyancing (Sale of Land) Regulation have raised the standard of conduct for developers and are ultimately targeted at providing purchasers with greater protection when they enter into off-the-plan contracts.

Disclosure Statements and Draft Documents

All developers must now attach a disclosure statement in the approved form (Disclosure Statement) to the contract for sale (Contract) before the purchaser signs the Contract. A draft plan showing certain details and any other associated documents e.g. Proposed Schedule of Finishes, section 88B Instrument, Draft Strata Management Statement, Draft By-Laws must be attached to the Disclosure Statement.

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