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Do you know if the same thing applies to NSW? I have a developer who wants to sell me a block of unregistered land and pay 16%. He also wants to be able to use the funds for another purchase before settlement which may be in mid 2016.

Thanks. What does it mean by "materially affects" the purchaser?

What I'm saying is that I heard in VIC that if the developer sells a lot for e.g. 300k, the maximum deposit they can take on exchange of contract is 10% of that 300k IF that land is unregistered. I was wondering if there is something like that in NSW?

I heard that in VIC, developers can charge a maximum of 10% of the land price up front to the buyer of the lands that they have subdivided if the lot isn't registered. Is there any law that is similar to this in NSW? How could I find this information out?