© 2026 Zoe. All rights reserved.
Zoe is a legal information platform. Always consult the Federal Register of Legislation for authoritative text.
Body Corporate and Community Management Act 1997
Start here
Turn the raw legal text into a practical explanation grounded in Body Corporate and Community Management Act 1997.
This section applies if— the seller is the original owner for the community titles scheme; and the buyer reasonably believes— the contribution schedule lot entitlements for the lots included in the scheme are inconsistent with the contribution schedule principle on which they were decided; and the buyer would be materially prejudiced if compelled to complete the contract. Subject to subsection (3) , the buyer may terminate the contract at any time before it settles by giving signed, dated notice of termination to the seller. The termination must happen not later than 30 days, or a longer period agreed between the buyer and seller, after the buyer’s copy of the contract is received by the buyer or a person acting for the buyer. The notice of termination must state that the contract is terminated under this section. s 209A ins 2011 No. 9 s 30 (sec.209A-ssec.1) This section applies if— the seller is the original owner for the community titles scheme; and the buyer reasonably believes— the contribution schedule lot entitlements for the lots included in the scheme are inconsistent with the contribution schedule principle on which they were decided; and the buyer would be materially prejudiced if compelled to complete the contract. (sec.209A-ssec.2) Subject to subsection (3) , the buyer may terminate the contract at any time before it settles by giving signed, dated notice of termination to the seller. (sec.209A-ssec.3) The termination must happen not later than 30 days, or a longer period agreed between the buyer and seller, after the buyer’s copy of the contract is received by the buyer or a person acting for the buyer. (sec.209A-ssec.4) The notice of termination must state that the contract is terminated under this section.