sec.99Seller must give buyer disclosure documents

### sec.99 Seller must give buyer disclosure documents Before a contract for the sale of a lot is signed by the buyer, the seller must give the buyer— a statement (a disclosure statement ) for the lot; and each document prescribed by regulation (each a prescribed certificate ) applicable to the lot. See section 97 in relation to acting by an agent. The disclosure statement must— be in the approved form; and include the information prescribed by regulation; and be completed with the information that is true at the time the statement is given to the buyer; and be signed by the seller. The approved form must contain, in appropriate places on the form, the warnings and other statements prescribed by regulation. A prescribed certificate may be a document that is required to be given to the buyer under another Act. a document relating to the lot issued under another Act a document in which the seller of the lot certifies a stated thing has been done under another Act in relation to the lot a document containing information about the lot in a register kept under another Act For a contract under which there are 2 or more sellers of a lot, a reference in subsection (1) to the seller of a lot giving a disclosure statement or prescribed certificate is a reference to any of the sellers giving the statement or certificate. For a contract under which there are 2 or more buyers of a lot— a reference in subsection (1) to the seller of a lot giving a disclosure statement or prescribed certificate to a buyer of the lot is a reference to giving the statement or certificate to any of the buyers; and a reference in subsection (1) to the time the buyer of the lot signed the contract is a reference to the time the first buyer signed the contract. To remove any doubt, it is declared that a disclosure statement may be an electronic document and may be electronically signed. (sec.99-ssec.1) Before a contract for the sale of a lot is signed by the buyer, the seller must give the buyer— a statement (a disclosure statement ) for the lot; and each document prescribed by regulation (each a prescribed certificate ) applicable to the lot. See section 97 in relation to acting by an agent. (sec.99-ssec.2) The disclosure statement must— be in the approved form; and include the information prescribed by regulation; and be completed with the information that is true at the time the statement is given to the buyer; and be signed by the seller. (sec.99-ssec.3) The approved form must contain, in appropriate places on the form, the warnings and other statements prescribed by regulation. (sec.99-ssec.4) A prescribed certificate may be a document that is required to be given to the buyer under another Act. a document relating to the lot issued under another Act a document in which the seller of the lot certifies a stated thing has been done under another Act in relation to the lot a document containing information about the lot in a register kept under another Act (sec.99-ssec.5) For a contract under which there are 2 or more sellers of a lot, a reference in subsection (1) to the seller of a lot giving a disclosure statement or prescribed certificate is a reference to any of the sellers giving the statement or certificate. (sec.99-ssec.6) For a contract under which there are 2 or more buyers of a lot— a reference in subsection (1) to the seller of a lot giving a disclosure statement or prescribed certificate to a buyer of the lot is a reference to giving the statement or certificate to any of the buyers; and a reference in subsection (1) to the time the buyer of the lot signed the contract is a reference to the time the first buyer signed the contract. (sec.99-ssec.7) To remove any doubt, it is declared that a disclosure statement may be an electronic document and may be electronically signed. - (a) a statement (a disclosure statement ) for the lot; and - (b) each document prescribed by regulation (each a prescribed certificate ) applicable to the lot. - (a) be in the approved form; and - (b) include the information prescribed by regulation; and - (c) be completed with the information that is true at the time the statement is given to the buyer; and - (d) be signed by the seller. - 1 a document relating to the lot issued under another Act - 2 a document in which the seller of the lot certifies a stated thing has been done under another Act in relation to the lot - 3 a document containing information about the lot in a register kept under another Act - (a) a reference in subsection (1) to the seller of a lot giving a disclosure statement or prescribed certificate to a buyer of the lot is a reference to giving the statement or certificate to any of the buyers; and - (b) a reference in subsection (1) to the time the buyer of the lot signed the contract is a reference to the time the first buyer signed the contract.