Western Australian Current Regulations Western Australian Current Regulations (1) In an outline of a
termination proposal, the details of the proposed arrangements for obtaining
independent advice or representation provided under section 175(1)(i)
must include the following —
(a)
details of the funding that the proponent will make available to lot owners
under Division 6 for the purpose of enabling them to obtain independent
advice or representation in connection with the proposal,
including —
(i)
how much money each lot owner who is not a vulnerable
person will be able to access; and
(ii)
how much money each lot owner who is a vulnerable person
will be able to access; and
(iii)
what the money can be used for; and
(iv)
the arrangements for how and when that money can be
obtained;
(b) the
name and contact details of the trustee who will hold and administer the
payment of money under the trust or, if that is not yet known, a declaration
that the name and contact details of the trustee will be provided to the
strata company in the full termination proposal.
(2) This regulation
does not apply to a unanimous owner‑initiated termination proposal.
Note for this regulation:
The requirements for a
unanimous owner‑initiated termination proposal are set out in
Division 9.