66ZLDefinitions

#### 66ZL Definitions 66ZL Definitions > > (1) In this Division— > > > > deposit includes an amount paid by the purchaser in relation to the purchase price of a residential lot. > > > > disclosure statement has the meaning given by section 66ZM. > > > > material particular includes, but is not limited to, the following— > > > > > (a) a change to the draft plan that will, or is likely to, adversely affect the use or enjoyment of the subject lot, > > > > > (b) a provision of draft by-laws that will, or is likely to, adversely affect the use or enjoyment of the subject lot, > > > > > (c) an easement or covenant that will, or is likely to, adversely affect the use or enjoyment of the subject lot, > > > > > (d) changes to the schedule of finishes that will, or are likely to, adversely affect the use or enjoyment of the subject lot, > > > > > (e) any other matter prescribed by the regulations, > > > > but does not include matter excluded by the regulations. > > > > off the plan contract means a contract for the sale of a residential lot (the subject lot) that has not been created at the time the contract is entered into. > > > > purchaser, solicitor and vendor have the same meanings as in Division 8. > > > > residential lot means a lot (whether a strata lot or otherwise) that is residential property within the meaning of section 66Q. > > > (2) For the purposes of the definition of off the plan contract, a lot is created when the plan creating the lot becomes a registered plan. > > **s 66ZL:** Ins 2015 No 62, Sch 1 \[2\]. Subst 2018 No 75, Sch 1\[15\].