Accurate Disclosure | Timely Preparation | Sale-Ready Documentation
When selling a property in Victoria, providing a Section 32 Statement (also known as a Vendor’s Statement) is a legal requirement. An incomplete or incorrect Section 32 can delay a sale, lead to disputes, or even allow a buyer to terminate the contract.
At DIA Taxation, we assist property owners, investors, and businesses with the preparation and coordination of Section 32 Statements, ensuring all required information is disclosed clearly, accurately, and on time.
A Section 32 Statement is a disclosure document required under Section 32 of the Sale of Land Act 1962 (Vic). It must be provided to a buyer before a contract of sale is signed.
The purpose of a Section 32 is to disclose all material facts about the property that may affect a buyer’s decision.
A Section 32 Statement is required when:
Selling residential or commercial property in Victoria
Selling vacant land
Selling investment or business premises
Selling property owned by an individual, company, trust, or SMSF
📌 Failure to provide a compliant Section 32 can expose the seller to legal and financial risk.
A Section 32 Statement typically includes disclosure of:
Title details and plan of subdivision
Mortgages, covenants, easements, and restrictions
Zoning and planning information
Outgoings (rates, land tax, owners corporation fees)
Services connected to the property
Notices, orders, or building approvals
Owners corporation information (if applicable)
We help ensure the required information is accurate, complete, and properly presented.
At DIA Taxation, we provide practical support and coordination to ensure your Section 32 is sale-ready.
Assistance identifying required disclosures
Review of ownership structure (individual, company, trust, SMSF)
Coordination of relevant property information
Where relevant, we assist with information relating to:
Land tax status
Owners corporation fees
Property-related outgoings
Trust or entity ownership details
📌 This is particularly important for investment properties, trusts, and SMSFs.
While Section 32 Statements are typically finalised by a conveyancer or solicitor, we work alongside them to:
Provide accurate financial and entity details
Avoid inconsistencies or omissions
Support timely preparation
We regularly assist with Section 32 Statements for properties owned by:
Individuals
Companies
Family or unit trusts
SMSFs
Business entities
Each structure has different disclosure considerations, and we ensure these are clearly identified.
Missing or outdated disclosure information
Incorrect ownership or entity details
Inconsistent information across documents
Delays caused by incomplete records
Buyer disputes due to non-disclosure
Our involvement helps reduce risk, delays, and complications.
✔ Experience with property-related documentation
✔ Strong understanding of trust, company & SMSF structures
✔ Coordination with conveyancers and solicitors
✔ Clear, practical guidance
✔ Timely and professional support
We help ensure your Section 32 process is smooth, accurate, and compliant.
If you’re preparing to sell a property in Victoria, let DIA Taxation assist with the financial and structural aspects of your Section 32 Statement, so your sale proceeds without unnecessary delays or risk.
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