Western Australian Current Acts Western Australian Current Acts (1) The regulations
—
(a) must
require the proponent of a termination proposal to enter into specified
arrangements for the owners of lots in the strata titles scheme proposed to be
terminated to obtain independent advice or representation in connection with
the proposal; and
(b) must
specify arrangements for obtaining fuller or more extensive advice or
representation for a class or classes of owner identified in or under the
regulations as vulnerable, having regard to —
(i)
age, illness, trauma, disability or other factors that
may impair the ability of an owner to consider and make an informed decision
in relation to a termination proposal; or
(ii)
financial disadvantage which would significantly impair
the ability of the owner to bear the cost of obtaining appropriate
professional advice in relation to a termination proposal.
(2) Without
limitation, the arrangements may include a requirement for the proponent of a
termination proposal to pay an amount to a trustee to be held in trust for
owners to obtain independent legal advice or representation, valuation advice
or reports or financial or taxation advice in connection with the proposal.
(3) The regulations
may specify terms of a trust referred to in subsection (2).
[Section 190 inserted: No. 30 of 2018 s. 83.]
[Heading inserted: No. 30 of 2018 s. 83.]