On 28 May 2019, the Victorian State Parliament passed the Sale of Land Amendment Bill 2019 (VIC), changing the obligations of a Vendor who seeks to rescind a residential off-the-plan Contract of Sale when a sunset date passes and the plan of subdivision has not yet been registered or, the occupancy permit has not yet issued for the development. 

Refer to our earlier article that details what a ‘Sunset Date’ is, the reforms and how this may affect you: Sunset Date Clawback under proposed reforms to Sale of Land Act

These provisions will apply to sunset clauses in off-the-plan Contracts of Sale retrospectively from 23 August 2018.

Our team at Burke & Associates are experienced in acting for purchasers of off-the-plan properties and property developers in all facets of Property Development.

Please contact Kristy Muhlhan or our property team should you have any queries.