Queensland Consolidated Acts

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 394

394 Application of s 206

(1) This section applies in relation to the sale of a lot included in a community titles scheme—

(a) if a contract for the sale of the lot to the person who proposes to buy the lot (the
"buyer" ) has not been entered into before the commencement; and

(b) whether or not the person who proposes to sell the lot (the
"seller" ) to the buyer has complied with previous section 206 in relation to the sale.

(2) The seller must give the buyer a disclosure statement complying with current section 206 before the buyer enters into a contract to buy the lot.

(3) If the seller has, before the commencement, given the buyer a disclosure statement under previous section 206, the seller complies with current section 206 in relation to the buyer if—

(a) the seller gives the buyer a new disclosure statement that complies with current section 206; or

(b) the seller gives the buyer a written notice that—

(i) states the matters mentioned in current section 206(2)(b); and

(ii) is accompanied by a copy of the community management statement for the community titles scheme.

(4) In this section—

"current section 206" means section 206 as in force immediately after the commencement.

"previous section 206" means section 206 as in force from time to time before the commencement.