tiktok˰

Purchase Sale Agreement Template for Australia

An Australian Purchase Sale Agreement is a legally binding contract that documents the terms and conditions of a sale transaction between a buyer and seller under Australian law. The agreement comprehensively covers all aspects of the sale including the purchase price, payment terms, warranties, conditions precedent, and completion requirements. It incorporates relevant provisions from Australian commercial law, including the Competition and Consumer Act 2010 (Cth) and applicable state-specific legislation. The document provides clear mechanisms for transfer of ownership, risk allocation, and dispute resolution while ensuring compliance with Australian regulatory requirements including GST considerations.

Typically:
i
This cost is based on prices provided by
6 legal services in your market.
With tiktok˰:

£0

i
Generate and export your first
document completely free.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Purchase Sale Agreement?

The Purchase Sale Agreement is a fundamental commercial document used in Australian business transactions to formalize the sale and purchase of assets, goods, or businesses. It is essential for transactions ranging from simple asset sales to complex business acquisitions, providing a comprehensive framework that ensures legal certainty and protection for all parties involved. The agreement must comply with Australian federal and state legislation, including the Competition and Consumer Act 2010 (Cth), relevant Sale of Goods Acts, and state-specific property laws. It typically includes detailed provisions on purchase price mechanisms, warranties, indemnities, conditions precedent, and completion procedures, while also addressing Australian-specific requirements such as GST treatment and FIRB approval where applicable.

What sections should be included in a Purchase Sale Agreement?

1. Parties: Identification and details of the buyer and seller

2. Background: Context of the transaction and relationship between the parties

3. Definitions and Interpretation: Key terms used in the agreement and rules for interpretation

4. Sale and Purchase: Core transaction terms including the asset/goods being sold and purchased

5. Purchase Price: Amount, payment terms, and payment mechanics

6. Conditions Precedent: Any conditions that must be satisfied before completion

7. Pre-Completion Obligations: Obligations of both parties before completion of the sale

8. Completion: Process, timing, and requirements for completing the transaction

9. Warranties: Seller's warranties about the assets/goods being sold

10. Limitations of Liability: Limitations on claims and liability of the parties

11. Confidentiality: Obligations regarding confidential information

12. GST: GST treatment and obligations

13. General Provisions: Standard boilerplate clauses including notices, governing law, etc.

What sections are optional to include in a Purchase Sale Agreement?

1. Intellectual Property: Required when the sale includes IP rights or licenses

2. Employee Matters: Needed when the sale affects employment relationships

3. Environmental Matters: Required for sales involving property or businesses with environmental considerations

4. Tax Indemnities: Detailed tax provisions for complex transactions

5. International Trade Terms: Required for international sales (including Incoterms)

6. Break Fee: Include when parties agree to compensation if the deal fails

7. Earn-out Provisions: When part of the purchase price is contingent on future performance

8. Competition Law Compliance: Required for large transactions or regulated industries

What schedules should be included in a Purchase Sale Agreement?

1. Asset Schedule: Detailed list and description of assets being sold

2. Purchase Price Calculation: Detailed methodology for calculating the final purchase price

3. Form of Transfer Documents: Templates for documents required to effect the transfer

4. Warranty Schedule: Detailed warranties given by the seller

5. Encumbrances: List of any existing encumbrances on the assets

6. Required Consents: List of third-party consents required for the transaction

7. Completion Checklist: List of actions and documents required at completion

8. Excluded Assets: List of assets specifically excluded from the sale

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok˰ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Australia

Publisher

tiktok˰

Sector

Cost

Free to use

Find the exact document you need

Sell By Owner Purchase Agreement

An Australian legal agreement for direct property sales between private sellers and buyers, without real estate agent involvement.

Download

Purchaser And Seller Agreement

An Australian law-governed agreement defining terms and conditions for sale and purchase transactions between parties, including price, delivery, warranties, and obligations.

Download

Sell Agreement Letter

An Australian jurisdiction document that formalizes sale transactions between parties, outlining key terms and conditions while ensuring legal compliance.

Download

Sale Agreement Between Two Parties

An Australian-compliant agreement documenting the terms and conditions of a sale transaction between two parties, including price, delivery, and warranties.

Download

Real Estate Contract Assignment Form

An Australian legal document that facilitates the transfer of rights and obligations under an existing property contract from one buyer to another, compliant with Australian property law.

Download

Real Estate Land Purchase Agreement

An Australian law-governed agreement for the sale and purchase of real property, detailing terms, conditions, and obligations of the transaction.

Download

Buy Sell Agreement For LLC

An Australian-law governed agreement that regulates the buying and selling of company shares between shareholders in a Proprietary Limited Company upon specified trigger events.

Download

Simple Car Purchase Agreement

An Australian-compliant template for documenting vehicle sales transactions, suitable for both private and commercial vehicle transfers.

Download

Property Buy Sell Agreement

An Australian legal agreement governing the sale and purchase of real property, outlining terms, conditions, and obligations of all parties involved in the transaction.

Download

Aircraft Purchase And Sale Agreement

An Australian law-governed agreement for the sale and purchase of aircraft, detailing transfer terms, specifications, and regulatory compliance requirements.

Download

Purchase Price Agreement

An Australian-law governed agreement setting out terms and conditions for purchase transactions, including price, payment terms, and completion requirements.

Download

Contract For Selling A Car

An Australian-law governed agreement for the sale and purchase of a motor vehicle, ensuring compliance with federal and state regulations while protecting both parties' interests.

Download

Vessel Purchase And Sale Agreement

An Australian law-governed agreement for the sale and purchase of a vessel, detailing terms, conditions, and transfer of ownership requirements.

Download

Restaurant Sale Agreement

An Australian law-governed agreement for the sale and purchase of a restaurant business, including assets, licenses, and operational transfers.

Download

Manufactured Home Purchase Agreement

An Australian law-governed agreement for the sale and purchase of a manufactured home, detailing transaction terms and regulatory compliance requirements.

Download

Legal Sales Agreement

An Australian law-governed agreement that formalizes sales transactions, detailing terms, conditions, and obligations of both parties.

Download

Land Sales Agreement

An Australian legal agreement documenting the terms and conditions for the sale and purchase of real property, compliant with state and federal property laws.

Download

Land Buying Contract

An Australian law-governed contract for the sale and purchase of land, establishing terms, conditions, and obligations for property transfer between vendor and purchaser.

Download

Horse Bill Of Sale Purchase Agreement

An Australian-compliant legal agreement documenting the sale and purchase of a horse, including ownership transfer and warranty terms.

Download

For Sale By Owner Offer To Purchase Contract

An Australian legal contract for direct property sales between owner and buyer, without real estate agent involvement.

Download

Conditional Sale And Purchase Agreement

An Australian law-governed agreement that sets out terms for a conditional sale and purchase transaction, where the sale completion is subject to specified conditions being met.

Download

Confidentiality Agreement For Sale Of Business

An Australian-law governed confidentiality agreement protecting sensitive information during business sale processes.

Download

New Construction Residential Purchase Agreement

An Australian legal agreement for the purchase of newly constructed residential properties, combining property purchase and construction specifications under Australian law.

Download

Bill Of Sale Asset Purchase

An Australian legal document evidencing the sale and transfer of personal property assets from seller to buyer, compliant with federal and state legislation.

Download

Agreement To Sell And Purchase

An Australian law-governed agreement that documents the terms and conditions for the sale and purchase of property, assets, or business interests.

Download

Vacant Land Lot Purchase Contract

An Australian jurisdiction contract for the purchase and sale of vacant land, establishing terms and conditions for land ownership transfer while ensuring compliance with local property laws.

Download

Second Hand Bike Purchase Agreement

An Australian legal agreement for the sale and purchase of a second-hand motorcycle, incorporating relevant consumer law provisions and vehicle transfer requirements.

Download

Real Estate Bill Of Sale Contract

An Australian legal contract documenting the terms and conditions for the sale and purchase of real estate property, ensuring compliance with state and federal property laws.

Download

As Is Where Is Sale Agreement

Australian-law governed agreement for the sale of assets in their current condition without warranties, where the buyer accepts all risks regarding the asset's condition.

Download

Contract For Buying Land From Owner

An Australian law-governed agreement for the sale and purchase of land, detailing all essential terms and conditions of the property transfer.

Download

No Home Sale Contract

An Australian legal agreement preventing real estate agents from purchasing properties they are engaged to sell, ensuring compliance with local property laws and ethical standards.

Download

Business Purchase Term Sheet

An Australian-compliant preliminary document outlining key terms and conditions for a business purchase transaction, serving as a basis for the final purchase agreement.

Download

Advance Agreement For Sale Of Land

An Australian legal document establishing the preliminary terms and conditions for a future property sale, including purchase price, deposit arrangements, and settlement conditions.

Download

Private Land Purchase Agreement

An Australian legal agreement governing the sale and purchase of private land, detailing terms, conditions, and obligations of both parties.

Download

Horse Sales Agreement With Payment Plan

An Australian-law governed agreement for horse sales with structured payment terms, including ownership transfer and maintenance obligations.

Download

Promissory Note Purchase And Sale Agreement

An Australian law agreement governing the sale and purchase of promissory notes, including transfer terms and regulatory compliance requirements.

Download

Agreement To Sell Real Estate Form

An Australian legal document that formalizes the sale and purchase of real estate property, complying with relevant state and federal property laws.

Download

Purchase Agreement For Buying A Business

An Australian law-governed agreement for the sale and purchase of a business, covering all aspects of the transaction including assets, liabilities, and regulatory requirements.

Download

Letter Of Agreement To Sell Property

An Australian legal document outlining the agreed terms between property seller and buyer, serving as a preliminary agreement before the formal contract of sale.

Download

Commercial Agreement Of Purchase And Sale

An Australian law-governed agreement establishing terms and conditions for commercial sale transactions between businesses.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it