Disclosure statement
26ZK Disclosure statement
(1) A disclosure statement is to contain mechanisms for resolving disputes and for obtaining agreement to contentious issues.
(2) A provision of a disclosure statement that imposes an obligation that is unjust or oppressive on a prospective owner of a building lot or unit is not binding on, and cannot be enforced against, the prospective owner.
A disclosure statement is to contain:
the prescribed provisions; and
provisions that relate to matters that are prescribed.
(4) A disclosure statement is to specify a procedure by which the disclosure statement may, subject to this section, be varied.
(5) A disclosure statement is to specify that there may be Regulations under this Act that apply to a variation of the statement.
(6) The Regulations may establish a procedure by which a disclosure statement may be varied other than under section 26ZM.
(7) The Regulations may provide that a procedure in the Regulations for the variation of a disclosure statement is to apply:
(a) in all cases, other than a variation under section 26ZM, whether or not the disclosure statement establishes a procedure for the variation of the disclosure statement; or
(b) if a disclosure statement does not establish a procedure for the variation of the disclosure statement and the variation is not a variation under section 26ZM.
A variation of a disclosure statement under this section:
(a) is of no effect unless it is lodged with the Registrar-General; and
(b) is not to be registered by the Registrar-General unless the variation complies with the prescribed requirements, if any.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.