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BODY CORPORATE AND COMMUNITY MANAGEMENT AND OTHER LEGISLATION AMENDMENT ACT 2011 No. 9 - SECT 27

27 Amendment of s 206 (Information to be given by seller to buyer)

(1) Section 206(2)(a)(i)—

omit, insert—

'(i) the following—
(A) if the scheme is a specified two-lot scheme—each person who is responsible for keeping body corporate records under the specified two-lot schemes module;
(B) otherwise—the secretary of the body corporate; or'.

(2) Section 206(2)(b)—

omit, insert—

'(b) state—
(i) the amount of annual contributions currently fixed by the body corporate as payable by the owner of the lot; and
(ii) the extent to which the amount mentioned in subparagraph (i) is based on the contribution schedule lot entitlements for the lots included in the scheme; and
(iii) the extent to which the amount mentioned in subparagraph (i) is based on the interest schedule lot entitlements for the lots included in the scheme; and
(iv) that the contribution schedule lot entitlements, and interest schedule lot entitlements, for the lots included in the scheme are set out in the community management statement for the scheme; and'.

(3) Section 206(2)(c) and (f)—

omit.

(4) Section 206(2)(e)—

omit, insert—

'(e) list the following—
(i) if the scheme is a specified two-lot scheme—the body corporate assets of more than $1000 in value;
(ii) otherwise—the body corporate assets required to be recorded on a register the body corporate keeps; and'.

(5) Section 206(2)—

insert—

'(i) be accompanied by a copy of the community management statement for the scheme.'.

(6) Section 206(2)(d) to (i)—

renumber as section 206(2)(c) to (g).



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