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ARTICLE · 10 OCTOBER 2022

Conveyancing – What is new in NSW?

Bartier Perry Solicitors
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A 2022 regulation brings clarification and certainty to vendor disclosure obligations and vendor warranties in NSW.

AustraliaReal Estate and Construction
Julia Yassa
Julia Yassa
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The Conveyancing (Sale of Land) Regulation 2022 (2022 Regulation) commenced on 1 September 2022 and has now replaced the Conveyancing (Sale of Land) Regulation 2017 (2017 Regulation).

There will be a 6-month transitional period from 1 September 2022 until 28 February 2023. During this period, anything done in compliance with the 2017 Regulation will be taken to comply with the 2022 Regulation.

The purpose of the 2022 Regulation is to set out the:

  • disclosure obligations of vendors in conveyancing transactions; and
  • rights and remedies of purchasers when those disclosure obligations have not been complied with.

The purpose has not changed since the 2017 Regulation. What has changed - is set out below.

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