This is something that I thought I'd share, I'm not worried but it's an odd scenario. I recently entered a contract to purchase my first property a week ago. The following day I organised a building & pest inspection which came back quite unfavourable. I told the agent I wish to cool off and emailed him a signed letter stating so. I am in South Australia so the cooling off period is for 2 clear business days FROM the day I receive the Form 1 - which I have still not received. The agent told me I can't cool off until I receive that Form 1 (i.e. until the cooling off period actually starts), otherwise he could send it to me a year from now, and if I happen to miss the email I'll still be bound by the contract. Is this actually true? Note: my conveyancer has advised to just wait for the Form1 and send the letter again, which I'll do. But what if he never sends it?