Victoria Statement by a Vendor of a Small Business

A seller of a business in the State of Victoria must provide the purchaser with this Statement by a Vendor of a Small Business, under Section 52 of the Estate Agents Act 1980.

  • A small business is defined as one in which all of the goodwill, plant, equipment and fittings being sold have a total price of $350,000 or less.
  • This is Form 2, Regulation 7, Estate Agents (General, Accounts and Audit) Regulations 2008.
  • This is a free downloadable form in MS Word format, provided by the Government of Victoria.
Document Type: Microsoft Word
Last Updated: 06-January-2025
SKU: 3393
$0.00
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Victoria Contract for Sale of Business

Prepare a contract for the sale of a business with this easy downloadable template for the State of Victoria.

  • The Contract is subject to a 3-day cooling off period during which the Contract may be canceled if the purchaser does not receive independent legal advice or if a similar contract has been entered into between the parties.
  • The Contract is also conditional upon the purchaser obtaining sufficient financing to complete the purchase.
  • The vendor will transfer the existing lease or negotiate a new lease for the premises, and obtain approvals as required from the landlord and any mortgagee.
  • If the parties are unable to agree on the value of the stock, they will submit the determination to an independent stocktaker.
  • If the purchaser defaults in payment, the vendor may immediately sue for the unpaid amount.
  • If a dispute arises, neither party is at liberty to commence legal proceedings until the parties have attempted to resolve the dispute through mediation.
  • Available in MS Word format.
  • Intended to be used only in the State of Victoria, Australia.
$34.99