Unit Titles Regulations 2011

35 Additional disclosure statement

The following information is prescribed for the purposes of section 148(4) of the Act (which requires an additional disclosure statement to contain the prescribed information):

(a)

the contact details for the body corporate and body corporate committee (if any); and

(b)

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

(c)

amounts due under invoices to be paid by the body corporate at the date the additional disclosure statement is requested; and

(d)

details of regular expenses that are incurred at least once a year; and

(e)

amounts owed to the body corporate at the date the additional disclosure statement is requested; and

(f)

the following details of every current insurance policy held by the body corporate:

(i)

the name of the insurer; and

(ii)

the type of policy; and

(iii)

the amount of the current premium; and

(iv)

the amount of any excess payable under the policy; and

(g)

the following details of every current contract entered into by the body corporate:

(i)

the names of the parties; and

(ii)

the goods or services to be provided under the contract; and

(iii)

the price at which the goods or services are to be provided; and

(iv)

the term of the contract; and

(h)

information about every lease to which the base land is subject; and

(i)

the text of motions voted on at the last general meeting and whether each motion was passed or not; and

(j)

whether the body corporate’s operational rules are different from the prescribed body corporate operational rules, and if so, what the differences are; and

(k)

a summary of the long-term maintenance plan, including—

(i)

details of maintenance to be carried out; and

(ii)

details of maintenance carried out in the last year; and

(iii)

whether there is a long-term maintenance fund; and

(iv)

if there is a long-term maintenance fund,—

(A)

the amount determined by the body corporate that has been, or will be, levied during the term of the long-term maintenance plan to maintain the fund; and

(B)

whether the current balance of the fund is projected to be sufficient to meet the body corporate’s obligations under the plan.