Description
Origin of this document
This document was created by the State Revenue Office of Victoria (SRO). It can also be accessed through the SRO website (see under "Links" below).
Purpose of this document
This document is used to make application for the Pensioner Exemption or Concession.
Completing this document
This document should be completed in accordance with the instructions attached to it.
Submitting this document
Whoever takes charge of the Transfer of Land and other documents at settlement will also submit your Pensioner Exemption or Concession Statutory Declaration document on your behalf.
Submitting this document through your lender
If you are borrowing funds for settlement this document MUST be submitted through your lender. At settlement your lender will collect all documents, and will arrange for the payment of stamp duty to the State Revenue Office. It is at this time that your claim for the Pensioner Exemption or Concession Statutory Declaration is lodged.
It is most important that you complete the document in full, deliver it to your lender with your mortgage documents, and have your lender confirm that it is satisfied with the details you have provided. (It is common for lenders to discover that the names appearing in the mortgage documents differ from the names the borrower has entered in the Pensioner Exemption or Concession Statutory Declaration - having the lender check the Pensioner Exemption or Concession Statutory Declaration early can save problems and expense at settlement time.)
Submitting this document through your lawyer/conveyancer
If you are borrowing funds for settlement see "Submitting this document through your lender" above. If you do not have a lender involved in your purchase your lawyer or conveyancer will receive the Transfer of Land and other documents at settlement, and will arrange for stamping and lodging on your behalf. You must ensure that you have completed your Pensioner Exemption or Concession Statutory Declaration and delivered to your lawyer/conveyancer well before settlement, so that it can be checked and OK'd.
Submitting this document yourself
If you do not submit your Pensioner Exemption or Concession Statutory Declaration through your lender or lawyer/conveyancer, you may still apply for a refund within 5 years from the date on which your stamp duty was paid. However, this may be problematic as the State Revenue Office will required a photocopy of the stamped Transfer of Land showing the amount and the date the stamp duty was paid, and the Victoria Land Titles Office dealing numbers. This means that you will have to obtain a copy from the Land Titles Office, as neither your lender nor your lawyer/conveyancer will have a copy of the Transfer of Land with all of these details recorded on it.
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