As per Conveyancing workbook BSBCNV505: Finalise the conveyancing transaction.

c) Under the insurance contract act 1984; Can the purchaser rely on vendors insurance?

d) Is the insurer liable for the purchaser's loss?

e) To what extent is the insurer liable?

f) Are there restrictions if the purchaser takes possession.? Upon what legal principle is this based?

g) If a contract is subject to finance, can the deposit be released to the vendor pursuant to section 27?

h) What are the main acts and subordinate legislation that govern the operation of VCAT?