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reg 7

Notice of acquisition

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7 Notice of acquisition

(1)

For the purposes of section 122(1)(a) of the Act, the acquisition notice is in the prescribed form if it contains the following prescribed particulars—

(a)

personal details consisting of—

(i)

the full name of the transferor (and if applicable, the full name of the trust and trustee or, in the case of a company, the transferor's ACN); and

(ii)

the full name of the transferee (and if applicable, the full name of the trust and trustee or, in the case of a company, the transferee's ACN); and

(iii)

the address and email address of the transferee at the time of transfer; and

(iv)

the address and email address of the transferor at the time of transfer; and

(v)

whether the land will be the transferee's principal place of residence; and

(vi)

if the land will not be the principal place of residence under subparagraph (v), the address of the transferee's principal place of residence (for the purpose of preparing voters' rolls); and

(vii)

the addresses for correspondence to, or service on, the transferee (if different from the land being acquired) and of the transferor; and

(viii)

in the case of an individual, the date of birth of the transferee (for the purpose of preparing voters' rolls);

(b)

property details in relation to the land consisting of—

(i)

the flat or unit number, street number, name of street or road, suburb, town or district and postcode; and

(ii)

Lot number and Plan number; and

(iii)

Volume and Folio; and

(iv)

the name of the municipal district; and

(v)

Crown Allotment Number; and

(vi)

Section or Portion, Parish; and

(vii) Municipal Property Number (if known); and

(viii)

area of the land (including any accessory units) and unit of entitlement;

(c)

transfer details in relation to the land consisting of—

(i)

the date of contract, the GST amount, the total sale price (including GST), the deposit and the date of possession or transfer; and

(ii)

whether or not the purchase is a terms sale;

(d)

whether or not the property is a residential property and, if so, the number of bedrooms;

(e)

contact details and certification, including—

(i)

the name, telephone number and email address of the transferee's Australian legal practitioner, licensed conveyancer or agent (if any); and

(ii)

the name, telephone number and email address of the transferor's Australian legal practitioner, licensed conveyancer or agent (if any); and

(iii)

provision for the certification by the transferee or Australian legal practitioner, licensed conveyancer or agent of the accuracy of the information provided;

(f)

the relevant property code, being one of the following—

Residential land

100 Vacant site

101 Development site

102 Subdivisional land

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