Queensland Consolidated Acts

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 422

422 Termination of existing contract for sale of existing lot—inaccuracy of disclosure statement

(1) This section applies if, immediately before the commencement, a buyer may have terminated a contract under former section 209 on either of the following grounds—

(a) former section 209(1)(b)(i) applied to the contract because information contained in the disclosure statement was inaccurate in relation to a matter mentioned in former section 206(2)(b)(ii), (iii) or (iv);

(b) former section 209(1)(b)(ii) applied to the contract.

(2) Former section 209, including its application of former section 206, continues to apply to the contract.