From July 1 2017, new Commonwealth Government reporting requirements were introduced that affect all buyers and sellers involved in real estate property transfers in Western Australia.
For each transaction of freehold (and some leasehold) interest in real property situated in WA, the information to be collected and reported will include:
Buyers and sellers will be requested to provide this information to the conveyancing professional who is working on their behalf during the settlement process. Buyers and sellers will not have direct access to the data portal.
For a comprehensive list of the information required see the ATO Property Reporting Requirements for WA.