September 2026
Dear Candela Purchaser,
We wanted to provide you with an update regarding the settlement timeline.
As outlined in the Contract of Sale, settlement is due 21 days after the Vendor’s lawyers notify you or your nominated lawyer in writing of the later to occur of:
- Registration of the Plan of Subdivision; or
- Issue of the Occupancy Permit and Certificate of Practical Completion.
Current status:
- The Occupancy Permit for the property has been obtained.
- The Certificate of Practical Completion is anticipated to be issued this month.
- Registration of the Plan of Subdivision remains pending the Statement of Compliance. The only outstanding item required to achieve the Statement of Compliance is the Section 173 Agreement, which has been issued to Banyule City Council for signing.
- Once executed, the Section 173 Agreement will be registered with Land Use Victoria, allowing the Plan of Subdivision registration process to progress.
On this basis, we currently anticipate that the settlement period will be triggered in October, with the formal settlement notice to be issued by MinterEllison once the relevant requirements have been satisfied.
We will continue to keep you and your team updated as the process progresses.
We look forward to getting you into your Candela apartment soon.
With Thanks,
The Candela Design Team