New South Wales Consolidated Acts New South Wales Consolidated ActsThere is no cooling off period in relation to an option to purchase residential property if--
(a) at or before the time the option is granted, the purchaser gives to the vendor (or the vendor's solicitor or agent) a certificate that complies with section 66ZF, or
(b) the option is granted on the same day as the property was offered for sale by public auction but passed in.