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Cooling-off period start - official description (Qld) "It begins on the day you are bound by the attached contract. Both the buyer and the seller are bound by the contract as soon as the buyer or their agent, lawyer or personal rep receives a copy of the signed contract. In any dispute...

Again in reference to Qld, the penalty for terminating within the cooling off period is noted at .25% of the contract price. Sometimes the terminating buyer is charged this but not always. In fact, I have thought it a silly rule as the buyer is letting the seller know very quickly that he won't...