Section 32 & PEXA

What is a Section 32 Statement?

The section 32 Statement is a mandatory document containing information regarding a property which may affect the land being sold.

Section 32 of the Sale of Land Act 1962 (Act) states that a vendor under a contract for the sale of land must give to a purchaser, before the purchaser signs the contract, a statement signed by the vendor that contains various prescribed matters and attaches the documents specified in the Act.

The Act also states that the vendor may sign the statement to be given to the purchaser under this section by electronic signature.

Who prepares a Section 32 Statement and what is included?

The vendor’s legal representative will prepare the Section 32 Statement which is not limited to but may include:

• Register Search Statement confirming the title details;
• Copy of plan of subdivision detailing the boundaries of the lot;
• A planning statement including relevant responsible authority;
• Confirmation of the services connected to the land;
• Certificates from relevant local authorities; and
• Any building permits.

Who reviews a Section 32?

As a purchaser your legal representative will examine the Section 32 and offer advice regarding any concerning matters that may affect the property.

What is PEXA?

Property Exchange Australia (PEXA) is a digital workspace where financial settlements are completed by sending electronic instructions to financial institutions. Used by conveyancers, lawyers and financial institutions to transfer ownership and complete financial settlements of property sales and lodge documents with Land Registries.

If you have any conveyancing requirements, please call our Melbourne city office on 8595 9580 or, if on the Mornington Peninsula, please call 5975 2000.