Complete a notice of acquisition

Background information

When conveyancers do paper conveyancing transactions, they need to lodge a notice of acquisition.

A notice of acquisition tells government and rating authorities that ownership of land has changed. It is used to update land tax, council rates and other property records.

A notice of acquisition is automatically generated during electronic conveyancing and sent to Land Use Victoria. Most transactions are completed this way. If your transaction was completed electronically, you do not need to lodge a notice with us.

Different requirements apply if you:

• acquire land on trust, as you also need to lodge a notice of trust acquisition with us
• act as an executor or legal representative of a deceased estate, as you need to notify us of the commencement or completion of administration
• complete the transaction using paper conveyancing, as you need to lodge the notice of acquisition yourself following the steps below.

Step 1: Gather required information

You need the following information to complete the notice of acquisition:

• Full contact details of the seller (all parties registered on title whether individuals, trusts or companies).
• Full contact details of the buyer (all parties to be registered on title whether individuals, trusts or companies) and if the buyer is an individual, provide their date of birth, future contact details and indicate whether the property will be used as their principal place of residence.
• Details of the title (refer to the certificate of title, plan of the property, transfer of land documentation and council rate notice).
• Details of the transaction.

Refer to the form for detailed instructions.

Step 2: Access and complete the notice

The notice can be completed online. You need to print and sign 2 copies.

Lodge one copy, along with the transfer of land form, with Land Use Victoria. Send the other copy to the relevant council. You do not lodge the notice with us because Land Use Victoria sends the information to us.

Complete the form (LTX-Form-01)

Step 3: Lodge your notice

Follow the instructions at Land Use Victoria to lodge a paper notice of acquisition.

If you are an individual lodging a transaction through Secure Electronic Registries Victoria (SERV), refer to the SERV website.

Send the other copy to the relevant council.

You must lodge the notice within one month of acquiring land or penalties may apply.

Next steps

Land tax may apply if the land you acquired is not your principal place of residence (your primary home).

You may be eligible for a land tax exemption or concession.