(1) For the purposes
of section 156(1)(d), the following information is required —
(a) if
the contract contains any voting right restrictions — a statement that
the contract restricts the buyer’s right to vote as owner of the lot and
that sets out particulars of the voting right restrictions;
(b) the
approved form of general information about buying and selling in strata titles
schemes.
(2) For the purposes
of subregulation (1), a voting right restriction is any requirement in a
contract that results in a buyer losing the right to vote as an owner of a lot
in a strata titles scheme or that restricts that right to vote, including any
of the following requirements —
(a) that
the buyer of the lot grant an enduring proxy to the seller;
(b) that
the buyer of the lot grant a power of attorney to the seller to enable the
seller to exercise the buyer’s voting rights as owner.