Transfers of residential property between domestic partners for nil consideration or as a result of breakdown of relationship will be exempt from stamp duty provided that the property will be occupied as your principal place of residence following settlement.
A lot of the information required to prepare a section 32 can and will be obtained directly from the responsible authority of that information, for example, a search of title and copy of the plan of subdivision will be obtained from Land Registry Victoria, whereas a copy of the water encumbrance statement showing any unregistered water or sewerage easements will be obtained from the responsible water authority.
A section 32 will remain current as long as the information in it has not changed. A vendor should take note of the questions asked by the conveyancer when preparing the section 32, and read the section 32 upon completion so that they are fully aware of its contents and can advise if anything changes.
