Subdivision Subdiv 4 - Community Titles Regulations 2021 - Proposals that are withdrawn or not proceeding

Subdiv 4Proposals that are withdrawn or not proceeding

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Subdivision 4 — Proposals that are withdrawn or not proceeding

Division 6 — Arrangements for independent advice or representation for owners

Subdivision 1 — Preliminary

Subdivision 2 — Identification of persons as vulnerable

Application of Subdivision 120
Vulnerable persons 120
Independent advocate to identify vulnerable persons to proponent 122
Owner of lot may apply to be recognised as vulnerable person 122
Proponent to make decision about claim of vulnerability 122
Trustee may require information from independent advocate about type of vulnerability 124

Subdivision 3 — Establishment and terms of trust

Application of Subdivision 124
Proponent to establish trust 124
Trustee of the trust 125
Services for which trust moneys are to be provided 126
No payment for services obtained after withdrawal or notice that proposal cannot proceed 127
Guaranteed payment amount 127
Method of payment under trust 129
Period of time for making claims 129
Trust account 130
Trustee records 130
Period of time for retaining trustee records 130
Owner entitled to certain information in respect of lot 131
Summary of trust records to be given to proponent on request 131
Privacy of information 131
Winding up of trust 132