The Exchange tab
The Exchange tab holds the money and timing terms - exchange method, price, deposit, settlement and rescission dates, cooling off and the duty estimate.
Method of exchange
How the contract is being exchanged. Choosing Auction or Unknown clears the cooling off period, and the cooling off fields drop off the tab.
Date for completion
When settlement falls due. This is a flexible field that supports a fixed date, a period after a triggering event (commonly exchange), or a notification-based date. The detailed mechanics, including how to add multiple conditions, are covered in Using the Date for Completion field.
Purchase price
The duty estimate is calculated on this price. Hide the field and the estimate goes with it.
Transfer duty
Curia calculates the transfer duty estimate from the price, the property details and the client information you have entered. It updates automatically as you work and is included in the report. For how Curia handles concessions, off-the-plan duty and foreign buyer surcharge, see Using the Transfer Duty field.
Deposit
The deposit stated in the contract, entered as either a $ amount or a % of the purchase price.
Exchange status and date
Answer Yes to Has the contract been exchanged? and Curia asks for the Exchange date.
The exchange date sets the duty rates Curia applies to the estimate. Without it, the estimate falls back to today’s rates.
NSW NSW: details specific to New South Wales reviews
Curia takes the exchange date from the contract particulars.
VIC VIC: details specific to Victoria reviews
Curia takes the exchange date from the signature blocks on the execution pages. It stays blank until both parties have signed and both signing dates can be read.
Cooling off period
A private treaty sale carries the question Is there a cooling off period? Answer Yes and Curia asks for the Cooling off end date on a contract that has exchanged, or the number of Cooling off days on one that hasn’t.
Rescission date
When either side can rescind the contract, if at all - typically a fixed date, a period after exchange, or both. For the field walkthrough, see Using the Rescission Date field.