Conveyancing (Sale of Land) Regulation

The Office of the Registrar General seeks your feedback on the proposed Conveyancing (Sale of Land) Regulation 2022.
Houses and apartments with some trees to the left
Houses and apartments with some trees to the left

What’s this about?

The proposed Conveyancing (Sale of Land) Regulation 2022 is intended to replace the existing Conveyancing (Sale of Land) Regulation 2017, which will end on 1 September 2022.

The Regulation sets out disclosure obligations for vendors in conveyancing transactions conducted through contracts for the sale of land (including off the plan) and options for the purchase of residential property. It provides purchasers with remedies including the right to rescind contracts if disclosure obligations are not met.

New provisions have been proposed in the draft Regulation to clarify requirements for contracts arising from options to purchase land, and to confirm that a cooling off period does not apply to contracts arising from put options (in the same way as for contracts arising from call options).

A Regulatory Impact Statement has been prepared which sets out the detail of the proposed Regulation and discusses key changes. The Regulatory Impact Statement also seeks feedback on whether current disclosure requirements meet the needs of the community, and whether there may be more efficient ways for disclosure to be made, particularly using digital processes.

Your feedback is welcome on all aspects of the proposed Regulation as well as matters raised specifically in the Regulatory Impact Statement.

Please access the relevant documents here:

Have your say

Have your say by 15 July 2022. You can provide feedback using the details below.

Please note: All submissions will be made public unless clearly marked confidential.

Email

20 June 2022 to 15 July 2022

ORG-Admin@customerservice.nsw.gov.au

Mailout

20 June 2022 to 15 July 2022

Address: Conveyancing (Sale of Land) Regulation 2022, Office of the Registrar General, McKell Building, Level 7, 2-24 Rawson Place SYDNEY NSW 2000

Consultation period

From:20 June 2022
To:15 July 2022

See consultation methods

More information

Email: Project team
Phone: 1300 318 998
Agency Website

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