The effects of non compliance can be very severer on the vendor.
You have to raise this with them and if they do not meet your requirements you can sue and terminate
Here are the penalties followed by the link it came from
Effect of non-compliance The current position remains: a. The purchaser has a right to rescind a contract of sale (at any time before purchaser accepts title, becomes entitled to possession or to receipt of the rent/profits) if the vendor has: i. Supplied false information; or ii. Failed to supply all the information required; or iii. Failed to supply a vendor’s statement. b. Where the vendor has acted honestly and reasonably, and the purchaser is in as good a position as if all the relevant provisions had been complied with, a court may excuse the vendor for the contravention. New penalty It is now an offence for the vendor to supply false information or fail to supply all the required information. The Act also creates an offence for failure to provide a vendor’s statement at all. The section introduces increased penalties: a. For body corporate: 300 penalty units ($44,283.00 at current rates); and b. In any other case: 60 penalty units ($8.856.60 at current rates).
I would suggest you get a solicitor to assist you with this
But you notify them of their non compliance
This is not a clause for compensation. Any compensation would be in a settlement.
You cannot demand compensation for the breach. You have to put forward that you will take them to court for the breach. In settlement negotiations to not go to court you reach an agreement. But a Solicitor should be involved to make sure you are protected in the end.
I hope this makes sense and is of assistance. If there is nothing further
thank you for using my services.
If I have missed anything, or you have any further questions please let me know
If there is anything else in the future please do not hesitate to ask.
Please do not forget to leave positive feedback.