Terms and Conditions for the LandCorp Buy Now Pay Later and Stamp Duty Industrial Campaign
These are the terms and conditions (Terms and Conditions) governing the industrial land Buy Now Pay Later and Stamp Duty Campaign. Buyers who participate by entering into a contract to purchase a lot agree to be bound by these Terms and Conditions.
Buyers must comply with the Terms and Conditions to be eligible to receive a reduced purchase price at the date of settlement.
Buy now and pay nothing until 31 March 2019 when settlement is due to occur. As part of the sale contract, LandCorp will grant the purchaser an access licence on LandCorp’s usual terms if it would like to carry out testing on the purchased land prior to settlement. Once the contract is unconditional, a Development Approval and a Building Licence is issued, should the purchaser wish to commence construction of its development prior to settlement, LandCorp will grant a lease on LandCorp’s usual terms over the land for such purpose pending settlement with LandCorp paying rates and taxes until settlement.
If settlement is effected on or before 21 December 2018 the purchase price due and payable to LandCorp shall be reduced by the amount of stamp duty which would otherwise have been payable on the original purchase price up to a maximum amount of $100,000. This reduction will be a rebate on the purchase price and recorded as part of the transfer of the land.