Purchaser Form — Johnson Conveyancing

Property being purchased

Property address *

Please enter the property address.

Registered owners (purchasers)

Who is to be registered on the title to the land? Please provide details for each person or company acquiring the property. We are required to provide some of this information (including dates of birth) to government agencies.

If more than one person, how do you want to be recorded as owners? Joint proprietors – on death, the property passes automatically to the other owner(s). Tenants in common – on death, a share in the property forms part of the deceased’s estate. See a diagram explaining the difference.

Sole owner Joint proprietors Tenants in common

If tenants in common, please state each person’s share below. Consider: amount paid in cash by each person; liability for any debt/expenses; contributions by third parties (e.g. parents); entitlement to equity; amount to be paid on sale; and what the contract states about ownership percentages. If the percentage in the contract differs from how you are registered on title, additional duty may be payable. Let us know if you are unsure and wish to discuss.

Purchaser 1

Full name (or company name) *

Please enter the purchaser’s full name.

Date of birth

Residential address *

Please enter the address.

Email *

Please enter a valid email address.

Phone *

Please enter a contact number.

ABN / ACN (if a company or trustee)

Share (if tenants in common)

Purchaser 2

Full name (or company name)

Date of birth

Residential address

Email

Phone

ABN / ACN (if a company or trustee)

Share (if tenants in common)

Purchaser 3

Full name (or company name)

Date of birth

Residential address

Email

Phone

ABN / ACN (if a company or trustee)

Share (if tenants in common)

Proof of identity is required under the Model Participation Rules (ARNECC) for anyone to be registered on title. We will be in touch about verifying your identity.

Purchasing in a trust

Is the purchaser acting as trustee of a trust?

Yes No

Legal owner on title (full name of each person/company)

Full name of the trust

Type of trust

Unit trust Fixed trust Discretionary / family

ACN/ABN of trust & trustee (or trustee’s DOB & ABN if an individual)

Accountant details

If a unit trust, current unit holders

Please provide a copy of the original trust deed and any amending deeds as soon as possible (and the unit register if a unit trust).

Company purchaser

For a corporate purchaser, who is authorised to give instructions and sign the contract / vendor’s statement / transfer? Leave blank if not applicable.

Your circumstances

1. Are you selling your home, and do you require your purchase to be conditional upon you successfully selling your home?

Yes No

2. Are you using sale funds to complete the purchase?

Yes No

3. Is any person to be registered on the title related and/or associated with the vendor (including any subsidiary or holding company)? The State Revenue Office requires additional information about the value of the land for transfers between related parties (see s.10(1)(a) & (d) of the Duties Act 2000 (Vic)).

Yes No

4. Is anyone / any entity to be named in the contract or registered on the title a foreign entity, person or resident? Additional duty applies for foreign natural persons, foreign corporations and trustees of a foreign trust. A discretionary trust is treated as foreign unless its deed prohibits distribution to foreign persons. Foreign purchasers may need prior government approval, face higher duty on residential land, and be subject to withholding obligations on sale.

Yes No

5. Are you a foreign resident for tax purposes? A foreign resident means a person who is not a resident of Australia for the purposes of the Income Tax Assessment Act 1936 (C’th).

Yes No

Agent & insurance

6. Are you the selling agent, or the agent’s employee or relative? If yes, sections 55 and 55A of the Estate Agents Act 1980 (Vic) set out the process to be followed.

Yes No

7. Have you arranged insurance for the land / building? Many purchasers take out insurance before settlement, and most lenders require it. The vendor may not have adequate (or any) insurance. This may not be needed if an owners corporation insures the building.

Yes No

Grants & duty concessions

8. Will you be applying for any of the following? (Tick all that apply.) First home owners grant generally applies to new homes valued up to $750,000. The guarantee schemes are Federal Government initiatives. See the State Revenue Office for duty concessions and exemptions.

First Home Owners Grant First Home Guarantee, Regional First Home Buyer Guarantee, or Family Home Guarantee Victorian Homebuyer Fund A reduction in duty payable (e.g. pension concession, transfer to spouse) None of the above

Any further details about the above:

Tax matters

9. Have you considered the tax consequences of your purchase — such as GST, GAIC, land tax, CGT, Windfall Gains Tax, Commercial & Industrial Property Tax and duty? Duty is payable to the Victorian Government when buying land, usually at settlement. We strongly recommend you discuss any tax-related questions with your accountant.

Yes No

If no, do you require us to advise you on any tax issues?

Yes No

Deposit & finance

10. How will your deposit be paid? Please let us know if you will be paying by bank guarantee, deposit bond or cash.

Cash / EFT Bank guarantee Deposit bond

11. Have you paid the full deposit?

Yes No

12. Are you purchasing subject to finance being approved? If yes, you must immediately apply to the specified lender for the specified amount, keep us informed, and notify us before the approval date whether finance has been approved. The vendor may ask for evidence of your inability to obtain finance if you wish to withdraw.

Yes No

13. Are you obtaining a loan to pay for some of the purchase price? For any funds you provide at settlement, we recommend you authorise your lender to draw on your account(s) to deduct settlement funds.

Yes No

14. Is any person who is not to be registered on the title providing funds to assist with your purchase?

Yes No

The property & contract

15. Does the contract list all goods included in the sale? Common goods include light fittings and blinds. The vendor may remove any goods not listed in the contract, so it is important the list is as agreed. Disputes commonly arise over dishwashers, pool equipment, mirrors and TVs.

Yes No

16. What is your intended use of the land? For example, a dwelling or a shop. How land can be used is determined by a number of things including zoning. Investigating the permitted use is part of your due diligence.

17. Is this the same as the current use of the land?

Yes No

18. Do you intend to lease (rent out) the property? If you are buying subject to a lease, that lease may continue after settlement.

Yes No

19. Do you require our advice about any lease matters?

Yes No

20. Do you intend to reside at the property as your principal place of residence? If yes, land tax may be payable from settlement on the principal place of residence you currently reside in, if you are not selling that property.

Yes No

21. Do you believe any of the information in the section 32 statement, or anything you have been told about the property, is incorrect?

Yes No

22. Are the boundary fences in reasonable condition? If you are concerned about boundary locations, we recommend a land survey. If no, once the contract is signed you will be responsible (at your cost) for any necessary fencing works.

Yes No

23. Is there a pool or spa at the property? Owners must register a pool/spa with their local council and have the safety barrier inspected. After settlement the council will contact you about any required inspection.

Yes No

Are safety barriers in place?

Yes No Unsure

24. Do you have any reason to believe the vendor has done any renovation works in the last seven years (including non-structural / cosmetic works)? For example, a renovated bathroom.

Yes No

Your questions

Please list any questions you have about your purchase. Consumer Affairs Victoria publishes helpful information about buying real estate, owners corporations, renting and retirement villages.

Declaration

I declare that the information I have provided in this form is true, accurate and complete to the best of my knowledge. I understand Johnson Conveyancing will rely on it to act on my behalf in this purchase.

Please confirm the declaration before submitting.

Signed by (type your full name) *

Please type your full name.

Date *

Please select a date.

Purchaser Details Form

Property being purchased

Registered owners (purchasers)

Purchaser 1

Purchaser 2

Purchaser 3

Purchasing in a trust

Company purchaser

Your circumstances

Agent & insurance

Grants & duty concessions

Tax matters

Deposit & finance

The property & contract

Your questions

Declaration

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