sec.12Requirements for disclosure statement

### sec.12 Requirements for disclosure statement A disclosure statement for a proposed lot must be signed by the seller and state the following— that the seller has given the buyer a disclosure plan for the proposed lot under section 10 ; whether a development approval has been granted for— reconfiguring a lot for the proposed lot; or any operational work for the proposed lot; that the seller must— settle the contract for the sale of the proposed lot not later than 18 months after the buyer enters into the contract for the sale of the lot; and give any other documents required to be given to the buyer under section 14 (3) at least 14 days before the contract is settled. The disclosure statement must be substantially complete. In this section— development approval means— a development approval under the Planning Act ; or a PDA development approval under the Economic Development Act . s 12 amd 1985 No. 43 s 9 sub 1985 No. 105 s 10 amd 1996 No. 56 s 124 ; 1997 No. 40 s 15 ; 2007 No. 24 s 770 sch 1 sub 2014 No. 46 s 43 amd 2016 No. 27 s 287 (sec.12-ssec.1) A disclosure statement for a proposed lot must be signed by the seller and state the following— that the seller has given the buyer a disclosure plan for the proposed lot under section 10 ; whether a development approval has been granted for— reconfiguring a lot for the proposed lot; or any operational work for the proposed lot; that the seller must— settle the contract for the sale of the proposed lot not later than 18 months after the buyer enters into the contract for the sale of the lot; and give any other documents required to be given to the buyer under section 14 (3) at least 14 days before the contract is settled. (sec.12-ssec.2) The disclosure statement must be substantially complete. (sec.12-ssec.3) In this section— development approval means— a development approval under the Planning Act ; or a PDA development approval under the Economic Development Act . - (a) that the seller has given the buyer a disclosure plan for the proposed lot under section 10 ; - (b) whether a development approval has been granted for— (i) reconfiguring a lot for the proposed lot; or (ii) any operational work for the proposed lot; - (i) reconfiguring a lot for the proposed lot; or - (ii) any operational work for the proposed lot; - (c) that the seller must— (i) settle the contract for the sale of the proposed lot not later than 18 months after the buyer enters into the contract for the sale of the lot; and (ii) give any other documents required to be given to the buyer under section 14 (3) at least 14 days before the contract is settled. - (i) settle the contract for the sale of the proposed lot not later than 18 months after the buyer enters into the contract for the sale of the lot; and - (ii) give any other documents required to be given to the buyer under section 14 (3) at least 14 days before the contract is settled. - (i) reconfiguring a lot for the proposed lot; or - (ii) any operational work for the proposed lot; - (i) settle the contract for the sale of the proposed lot not later than 18 months after the buyer enters into the contract for the sale of the lot; and - (ii) give any other documents required to be given to the buyer under section 14 (3) at least 14 days before the contract is settled. - (a) a development approval under the Planning Act ; or - (b) a PDA development approval under the Economic Development Act .