Western Australian Current Acts Western Australian Current Acts (1) This section
applies to the following —
(a) a
contract for the provision of services or amenities to the strata company or
to members of the strata company entered into or arranged by a scheme
developer for the subdivision or by the strata company;
(b) any
other contract that binds the strata company;
(c) a
lease or licence of the common property of the strata titles scheme.
(2) A scheme developer
of a subdivision of land by a strata titles scheme must disclose in writing to
the strata company for the scheme the following for each contract, lease or
licence to which this section applies —
(a)
details of any remuneration or other benefit (including savings connected with
installation or commissioning of infrastructure for the provision of services
under the contract) that the scheme developer or an associate of the scheme
developer has received or has a reasonable expectation of receiving arising
out of the contract, lease or licence;
(b)
details of any other direct or indirect pecuniary interest that the scheme
developer or an associate of the scheme developer has in the contract, lease
or licence, other than as a member of the strata company.
(3) The disclosure
—
(a) must
be made as soon as reasonably practicable after the scheme developer becomes
aware of the facts giving rise to the requirement to disclose; and
(b) must
include information as to the value of the remuneration or other benefit.
[Section 79 inserted: No. 30 of 2018 s. 83.]