Key developments
- Compliance certificates for swimming pools and new vendor disclosure obligations
- Draft PEXA Participation Agreement
- IPART draft report on its review into NSW Trustee and Guardian fees
- Criminal Records Amendment (Historical Homosexual Offences) Bill 2014
Compliance certificates for swimming pools and new vendor disclosure obligations
Representatives from the Property Law Committee met with other stakeholders and representatives from the Office of Local Government to discuss the new vendor disclosure obligations that will come into effect in relation to compliance certificates for swimming pools on 29 April 2014.
Anecdotal evidence suggests that approximately 95 per cent of New South Wales swimming pools are not compliant with the Swimming Pools Act 1992.
From 29 April 2015, a vendor (including a strata lot owner) selling a residence with a pool will need to include a copy of the pool’s certificate of compliance in the contract for sale, otherwise the purchaser may rescind the contract within 14 days.
The meeting clarified a number of concerns that the Property Law Committee had in respect of the legislation but the practical ramifications for vendors wanting to sell their properties but being unable to obtain a certificate of compliance for their swimming pools in a timely manner remained a serious concern.
