259Definitions—pt 2.9

259 Definitions—pt 2.9 buyer action period, for a disclosure update notice, means the period of 21 days from the day the buyer is given the disclosure update notice. common property—see the Unit Titles Act 2001, section 13. developer—see the Unit Titles Act 2001, dictionary. disclosure statement—see section 260 (1). disclosure update notice—see section 260B (2). excluded change—see section 259A (4). material change, to a matter in a disclosure statement, means— (a) a type 1 matter; or (b) a type 2 matter. off-the-plan contract means a contract for the sale of a unit in a units plan before the units plan is registered. owners corporation—see the Unit Titles (Management) Act 2011, registered means registered with the registrar-general under the Land Titles Act 1925 or the Land Titles (Unit Titles) Act 1970. unit—see the Unit Titles Act 2001, section 9. units plan—see the Unit Titles Act 2001, dictionary. unit subsidiary—see the Unit Titles Act 2001, section 12. Important concepts Division 2.9.1