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nominee clause property contract western australia in South Australia property contracts

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#1South AustraliaSpecial ClausesStrong match

Nominee Clause

Understanding the Nominee Clause in South Australia Property Contracts: A Guide for Buyers

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#2Western AustraliaSpecial ClausesStrong match

Nominee Clause

Navigating the Nominee Clause: Understanding Your Western Australia Property Contract Buyer's Risk

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#3New South WalesSpecial ClausesStrong match

Nominee Clause

Navigating the Nominee Clause in Your New South Wales Property Contract

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#4QueenslandSpecial ClausesStrong match

Nominee Clause

The Nominee Clause in Queensland Property Contracts: What Buyers Must Know

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#5VictoriaSpecial ClausesStrong match

Nominee Clause

Unpacking the Nominee Clause: Your Victoria Property Contract & Buyer's Risk

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#6South AustraliaTitle & Due Diligence

Flood Zone Property

Understanding Flood Zone Property Clauses in your South Australia Property Contract

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#7South AustraliaSpecial Clauses

Sunset Clause

Understanding the Sunset Clause in South Australia Property Contracts: What Every Buyer Needs to Know

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#8Western AustraliaSpecial Clauses

Sunset Clause

Understanding the Sunset Clause: Your Essential Guide to Western Australia Property Contracts

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#9Western AustraliaTitle & Due Diligence

Caveat on Property

Navigating Caveat on Property in Western Australia: Protecting Your Investment with the REIWA Contract

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#10South AustraliaSettlement & Condition

Property Damage Before Settlement

Understanding Property Damage Before Settlement in South Australia: Your Guide to the REISA Contract

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Search Summary

Found 324 relevant pages. The strongest matches explain what “nominee clause property contract western australia” means, where the buyer risk sits, and how the clause plays out in real contracts.

Frequent Risk Signals

• Double Stamp Duty: Under the Stamp Duties Act 1923 (SA), if a nomination is not executed correctly—such as if the nominee is not "related" to the purchaser or if there is a "sub-sale" arrangement—RevenueSA may charge stamp duty twice: once on the original contract and once on the nomination.
• Continuing Liability: In a standard REISA Contract, the original purchaser is not "off the hook" after nominating; if the new nominee fails to settle or pay the balance, the vendor can legally sue the original purchaser for the full purchase price and damages.
• Finance Withdrawal: Many South Australian lenders will refuse to provide a mortgage if the entity on the loan approval (e.g., an individual) does not match the entity on the transfer (e.g., a company or trust), potentially causing the buyer to default on the contract.
• Strict Notice Requirements: Vendors in South Australia may require a formal "Notice of Nomination" to be served within a specific timeframe; failing to provide this in writing can result in the vendor refusing to recognize the nominee, forcing the original buyer to settle in their own name or lose their deposit.
• Land Tax Surcharges: For Chinese-Australian investors, nominating a foreign-owned company or a discretionary trust as the buyer can trigger the South Australian land tax surcharge, significantly increasing the annual holding costs of the property.
• Vendor Refusal: Unless the contract specifically includes the words "and/or nominee" or a dedicated nominee clause, a vendor in South Australia is not legally obligated to accept a nomination, which can trap a buyer in an unsuitable purchasing entity.