Cooling Off Penalty Calculator (VIC)

Below is a copy of the Cooling Off Penalty Calculator available from within our purchased service. We have made this tool freely available for use by the public.

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Cooling Off Penalty Calculator (Victoria)

A buyer can terminate their Contract within 3 business days from the commencement of the cooling off date (which will be the date the last person dated the contract). However a penalty of 0.2% of the purchase price is payable to the seller.

Instructions: to calculate the penalty amount simply
  • Type in the full purchase price as noted in your contract, in the box below.
  • Click on the calculate button.

Item 1. Purchase Price:


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