Queensland Consolidated Acts

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 212

212 Provision about settlement taken to be included in contract

(1) This section applies to a contract entered into by a person (the
"seller" ) with another person (the
"buyer" ) for the sale to the buyer of a lot intended to come into existence as a lot included in a community titles scheme when the scheme is established or changed.

(2) The contract is taken to include a term (the
"deemed term" ) providing that, despite any other term of the contract, settlement must not take place earlier than 14 days after the seller gives advice to the buyer that the scheme has been established or changed.

(3) The deemed term has priority over any other term of the contract relating to settlement.

(4) Without limiting subsection (3) , any notice the seller gives to the buyer is void to the extent it is inconsistent with the deemed term.