Land - 2019 edition

WARNINGS
1 Various Acts of Parliament and other matters can affect the rights of the parties to
this contract. Some important matters are actions, claims,decisions, licencas.
notices, orders, proposals or rights of way involving:
APA Group NSW Department of Education
Australian Taxation Office NSW Fair Trading
Council Owner of adjoining land
County Council Privacy
Department of Planning, Industry and Public Works Advis ory
Environment Subsidence Advisory NSW
Department of Primary Industries Telecommunications
Electricity and gas Transport for NSW
Land & Housing Corporation Water, sewerage or drainage authority
Local Land Services
If youthink that any of these matters affects the property, tellyour aolicitor.
A lease may be affected by the Agricultural Tenancies Act 1990, the Residential
Tenancies Act 2010 or the Retail Leases Act 1994.

If any purchase money is owing to the Crown, it will bacome payable before
obtaining consent, or if no consent is needed, whenthe transfer is registered.
27 as to the
If aconsent to transfer is required under legislation, see clause
obligations of the parties.
until completion. If the vendor
The vendor should continue the vendor's insurance
to give the purchaser possessioD before completion, the vendor should first
wants the insurance.
ask the insurer to confirm this wilhnot affect
duty (and sometimes surcharge
The purchaser will usually have to pay transfer paid on time, a purchaser may incur
purchaser dutyy) on this contract. If duty is not
penalties.
agrees to the release of deposit, the purchaser's right to recover the
7. If the purchaser (for example the vendor's mortgagee).
deposit may stand behind the rights of others
insurance as appropriate.
The purchásershould arrange
transactions involving personal property may be affected by the Personal
9. Some
Property Securities Act 2009.
should be satisfied that finance will be available at the time of
10. A purchaser
completing the purchase.
at or above a legislated amount, the
11. Where the market value of the property is resident capital gains withholding
ourchaser may have to comply with a foreign affect
obligation (even if the vendor is not aforeign resident). If so, this will
payment
vendor on completion.
the amount available to the
to withhold part of the purchasa
Purchasers of some residential properties may havevendor.
12. towards the GST Iiability of the If so, this will also affact
price to be credited
More information is available from the ATO
the amount available to the vendor.