NSW - Land Tax Certificate Changes - Effective from 1 July 2016
We received notification from the Office of State Revenue that an amendment to theConveyancing (Sale of Land) Regulation 2010 requires the vendor under a contract for sale of land to provide a current Land Tax Certificate (Section 47 certificate) to the purchaser.
This applies to all contracts entered into on or after the 1 July 2016.
The Land Tax Certificate must be provided to the purchaser as follows:
- For contract completing in 14 days or less, the vendor must provide the certificate on the day of exchange;
- For contracts completing in more than 14 days or with no completion date, the vendor must serve a Land Tax Certificate at least 14 days before completion.
The Certificate does not have to be clear when provided to the purchaser.
A current certificate is one in which the charge is determined up to and including the year in which settlement is to occur or one that is not more than 3 months old.
A purchaser of land under contract can rely on the certificate provided by the vendor. If a purchaser wishes to validate the certificate they can do so using OSR online services at www.osr.nsw.gov.au/taxes/land/clearance. 
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