Conveyancing update: New swimming pool safety legislation and compliance regime

The new pool safety certificate disclosure regime under the Building and Other Legislation Amendment (No2) Act 2010 affects contracts for the sale of residential property with a pool which settle on or after 1 December 2010. Under the new Act, non-compliance of the provisions of the Act carries hefty penalties. With the main focus on the pre-settlement disclosure obligations, this session canvasses the essence of the legislation and outlines steps practitioners must take to ensure that contracts for sale and purchase comply with the new rules.