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Reforms to off-the-plan contracts

Topic: Regulation

The Office the Registrar General is seeking feedback on the proposed changes to the Conveyancing (Sale of Land) Regulation 2017.

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What’s this about?

The Conveyancing Legislation Amendment Act 2018 was introduced November 2018 to bring stronger protections for purchasers who buy property off-the-plan.

It provides purchasers with greater certainty about what they are buying through a new mandatory disclosure regime specific to off-the-plan and statutory remedies where the final product differs from what was disclosed.

A discussion paper has been released on proposed regulatory changes that support the new regime.

The proposed regulation outlines matters including:

  • what vendors will need to disclose
  • consequences of non-disclosure
  • an alternative remedy of compensation where there have been material changes during the development.

Have your say

There are two ways you can provide your feedback:

  • Email: [email protected]
  • Mail: Conveyancing (Sale of Land) Amendment Regulation
    Office of the Registrar General
    McKell Building
    2-24 Rawson Place
    Sydney NSW 2000

Have your say by 24 July 2019.

More Information

Topic: Regulation
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