New Rules for Pools
If you have a property in NSW with a swimming pool and you plan to sell after April 2014, new laws will require you to have a pool inspection and obtain a certificate of compliance prior to the sale.
Under the current laws, the owner of a swimming pool has to make sure that their pool complies with the requirements of the Swimming Pools Act 1992 which covers factors such as fencing and signage. The new laws, starting 29th April 2014, make it mandatory for anyone selling a property with a pool in NSW to obtain and include a valid “certificate of compliance” with the contract for sale.
A swimming pool is defined as being over 30cm deep and specifically designed for swimming or aquatic activities. If you have a spa pool you will also need a certification but if you just have a spa bath or a corner bath in your bathroom you won’t need a specific certification.
To get a certificate of compliance for your pool, contact your local Council or an accredited certifier under the Building Profession Act. If you live in a building with a shared pool, the Owners Corporation should arrange a pool inspection and obtain a certificate of compliance. Owners of a shared pool can also access the certificate of compliance through the NSW Swimming Pool Register.
From the 29th April 2014, if a swimming pool certificate of compliance is not attached to a contract for sale of land a purchaser may be able to rescind the contract at any time within 14 days of exchange of contracts. Swimming pool owners who don’t comply can also be fined up to $5,500 with an on the spot fine of up to $550. The new laws will create a safer environment around swimming pools so outside of the legal and financial aspects, it’s worthwhile to make sure that you comply.
It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan
Director and Founder of 1st Street Home Loans, Jeremy Fisher, is one of the most awarded mortgage brokers in the industry and winner of the Australian Broker Association's prestigious 'Australian Broker of the Year'. Since 2001, Jeremy has settled in excess of $500 million worth of property loans and delighted clients with exceptional results and highly personalised service. 1st Street Home Loans specialises in Home Loans, Commercial Loans, Leasing and Financial Planning.
1st Street Home Loans is a leader in the industry – awarded No. 1 Mortgage Broker in Australia and ranked No. 1 Elite Business Writer in Australia. We have the knowledge and the relationships to get you the best rate on the market, guaranteed, without charging you any fees. You can be approved for a loan within 48 hours and 1st Street will take care of all of the paperwork and communications with lenders, real estate agents and solicitors.