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Notice of Acquisition – What is it and what do you need to know?

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What is a Notice of Acquisition (“NOA”)?

The NOA is simply a document that tells authorities of any changes in ownership of land that has been purchased or transferred.

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What does it do?

It lets the relevant authorities (e.g. Council, water authority, Owners corporation manager etc.) know who the new owner of the property is.

It further lets them update their internal records and, where applicable, the State Revenue Office will update their records to record whether the property is that party’s principal place of residence and, accordingly, any applicable land tax assessment on the property.

PEXA

How is it created and submitted?

The purchaser’s representative, whether that be their conveyancer or legal practitioner, creates the document called the NOA, electronically through a platform known as PEXA, which is used to conduct settlements electronically.

The document once created is then submitted electronically via email to the relevant authorities to inform them that ownership has changed.

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Who uses the NOA?

The purchaser or transferee’s representative will prepare such notice. All authorities that deal with property such as Council, the water authority, State Revenue Office (Land Tax), Land Registry and Owners Corporation manager (if applicable) will use the NOA to update their records.

Power

Who does not receive an NOA?

The electricity, gas and telephone and/or internet suppliers do not receive a NOA. Where you are a purchaser or transferee, you will need to separately arrange personal contracts for the connection of these utility services.

Contacts

Kristy Muhlhan

Principal

Kristy Muhlhan

Principal
LL.B (Hons) GRAD DIP. L.P., GAICD.
Since 2014, she has been an owner and Principal of the firm and has mastered a broad range of essential commercial and business skills which go hand in hand with the work she does for...

Stewart Davis

Associate

Stewart Davis

Associate
LL.B (Hons) B.Com
As well as property law, Stewart has had exposure to VCAT administration matters and commercial law, particularly servicing developer clients.

George Hanger

Associate

George Hanger

Associate
LL.B BA
George was admitted to legal practice in May 2015 after completing a Bachelor of Arts at the University of Melbourne and a Bachelor of Laws at Monash University.

Emma Dickens

Paralegal

Emma Dickens

Paralegal
Emma previously completed a Bachelor of Legal and Dispute studies at RMIT University in 2015.

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