Unit Titles Regulations 2011

Disclosure statements

33 Pre-contract disclosure statement

The following information is prescribed for the purposes of section 146(2) of the Act (which requires a pre-contract disclosure statement to be in the prescribed form and to contain the prescribed information):

(a)

the amount of the contribution levied by the body corporate under section 121 of the Act in respect of the unit being sold; and

(b)

the period covered by such contribution; and

(c)

details of maintenance that the body corporate proposes to carry out on the unit title development in the year following the date of the disclosure statement, and how the body corporate proposes to meet the cost of that maintenance; and

(d)

the balance of every fund or bank account held or operated by the body corporate at the date of the last financial statement; and

(e)

whether the unit or the common property is, or has been, the subject of a claim under the Weathertight Homes Resolution Services Act 2006 or any other civil proceedings relating to water penetration of the buildings in the unit title development; and

(f)

an explanation of the following:

(i)

unit title property ownership; and

(ii)

unit plans; and

(iii)

ownership and utility interests; and

(iv)

body corporate operational rules; and

(v)

the information required to be contained in a pre-settlement disclosure statement; and

(vi)

the information required to be contained in an additional disclosure statement; and

(vii)

records of title; and

(viii)

the land information memorandum issued under section 44A of the Local Government Official Information and Meetings Act 1987; and

(ix)

easements and covenants; and

(g)

how to obtain further information about the matters referred to in paragraph (f); and

(h)

an estimate of the cost of providing an additional disclosure statement.

Regulation 33(f)(vii): replaced, on 12 November 2018, by section 250 of the Land Transfer Act 2017 (2017 No 30).