Body Corporate and Community Management Amendment Bill 2009 (Qld)

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Queensland

Body Corporate and Community Management Amendment Bill 2009

Queensland

Body Corporate and Community Management Amendment Bill 2009

Contents Page Shorttitle .. 0... eee ee 4 Actamended ........... 00. c eee cee teens 4 Replacement of s 212 (Cancellation for not complying with basic requirements). ........ 0... c eee eee eee 4 212 Provision about settlement taken to be included in contract eee tee 4 212A Buyer may cancel if there is no proposed community management statement....................... 5 4 Insertion of new ch 8, pt6A.......... 0... eee eee 5 Part 6A Transitional provision for Body Corporate and Community Management Amendment Act 362A Section 212 to have retrospective affect........... 5

A Bill

for

An Act to amend the Body Corporate and Community Management Act 1997

Body Corporate and Community Management Amendment Bill 2009 [s 4]

The Parliament of Queensland enacts—

Clause 1 Short title

This Act may be cited as the Body Corporate and Community Management Amendment Act 2009.

Clause 2 Act amended

This Act amends the Body Corporate And Community Management Act 1997.

Clause 3 Replacement of s 212 (Cancellation for not complying with basic requirements)

Section 212— omit, insert—

'212 Provision about settlement taken to be included in contract

'(1)__ This section applies to a contract entered into by a person (the seller) with another person (the buyer) for the sale to the buyer of a lot intended to come into existence as a lot included in a community titles scheme when the scheme is established or changed.

'(2) The contract is taken to include a term (the deemed term)

on B&W

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providing that, despite any other term of the contract, settlement must not take place earlier than 14 days after the seller gives advice to the buyer that the scheme has been