There is no prescribed form for a rescission notice. LPLC has developed a sample proforma rescission notice to assist practitioners. Importantly, the recipient must be able to determine with reasonable certainty what action needs to be taken in order to comply. That is, the notice must identify the default, set out how to rectify the default including how much money needs to be paid if payment is outstanding, give the consequences if the default is not remedied and the time provided in the contract to remedy the default and refer to the relevant provision in the contract. The sample notice is provided in a word format for practitioners to amend as needed.
More on Property
LPLC Articles
Foreign Purchaser Additional Duty and changes to the criteria for New Zealand citizens
Tax
27 Nov 25
From 26 November 2025, the foreign purchaser additional duty rules applying to New Zealand citizens acquiring residential property in Victoria, have changed from a visa requirement to a residency requirement.
Webinars
Webinar | GST in Property Transactions
GST
27 Nov 25
It is important for solicitors acting in property transactions to understand how the Goods and Services Tax (GST) works and how it will apply to their client’s transactions.
Practitioner Resources
Important Changes to Court Procedures and New Forms for the Sale of Land, Leasing and Enduring Powers of Attorney
Leases, Resources and information, Personal Properties Securities
20 Nov 25
Solicitors should be aware of recent changes to practice requirements in the Supreme Court and County Courts of Victoria, as well as updates to the contract of sale of land, lease of real estate, and changes to prescribed forms for enduring powers of attorney.
Latest News & Alerts
News
Joint statement on behalf of the Victorian legal profession on the tragic events at Bondi Beach
Where to get help
15 Dec 25
We are united in our shock and sorrow following the horrific attacks that took place at Bondi Beach yesterday evening.
Our thoughts are with the victims, their families and all those who have been tragically affected by this abhorrent violence. This has particularly impacted the Jewish community of Sydney and across Australia, a community that is an integral and cherished part of our multicultural society.
We stand in solidarity with the Jewish community and all who have been affected by this senseless violence. Everyone has the right to safety, security and freedom from fear.
We condemn these acts of antisemitism, extremism and violence in the strongest possible terms. We reaffirm our commitment to the rule of law, which underpins the safety and security of all in Australia.
We are united in our resolve that such acts of violence and hate will not undermine the values of inclusion and fundamental freedoms, including of religion and other rights, which define our community.
News
Holiday Closure Periods
10 Dec 25
As the year draws to a close, we would like to thank our insured practitioners and stakeholders for their continued trust and engagement. We appreciate the important work you do and the role we play in supporting you throughout the year.
News
LPLC Annual Report 2024-2025
17 Nov 25
The LPLC is proud to present the Annual Report for 2024-2025. This high was tabled in the Victorian Parliament on 12th of November 2025.