sec.394Application of s 206

sec.394 Application of s 206

This section applies in relation to the sale of a lot included in a community titles scheme— if a contract for the sale of the lot to the person who proposes to buy the lot (the buyer ) has not been entered into before the commencement; and whether or not the person who proposes to sell the lot (the seller ) to the buyer has complied with previous section 206 in relation to the sale. The seller must give the buyer a disclosure statement complying with current section 206 before the buyer enters into a contract to buy the lot. If the seller has, before the commencement, given the buyer a disclosure statement under previous section 206, the seller complies with current section 206 in relation to the buyer if— the seller gives the buyer a new disclosure statement that complies with current section 206; or the seller gives the buyer a written notice that— states the matters mentioned in current section 206(2)(b); and is accompanied by a copy of the community management statement for the community titles scheme. In this section— current section 206 means section 206 as in force immediately after the commencement. previous section 206 means section 206 as in force from time to time before the commencement. s 394 ins 2011 No. 9 s 41 (sec.394-ssec.1) This section applies in relation to the sale of a lot included in a community titles scheme— if a contract for the sale of the lot to the person who proposes to buy the lot (the buyer ) has not been entered into before the commencement; and whether or not the person who proposes to sell the lot (the seller ) to the buyer has complied with previous section 206 in relation to the sale. (sec.394-ssec.2) The seller must give the buyer a disclosure statement complying with current section 206 before the buyer enters into a contract to buy the lot. (sec.394-ssec.3) If the seller has, before the commencement, given the buyer a disclosure statement under previous section 206, the seller complies with current section 206 in relation to the buyer if— the seller gives the buyer a new disclosure statement that complies with current section 206; or the seller gives the buyer a written notice that— states the matters mentioned in current section 206(2)(b); and is accompanied by a copy of the community management statement for the community titles scheme. (sec.394-ssec.4) In this section— current section 206 means section 206 as in force immediately after the commencement. previous section 206 means section 206 as in force from time to time before the commencement.

• (a) if a contract for the sale of the lot to the person who proposes to buy the lot (the buyer ) has not been entered into before the commencement; and
• (b) whether or not the person who proposes to sell the lot (the seller ) to the buyer has complied with previous section 206 in relation to the sale.
• (a) the seller gives the buyer a new disclosure statement that complies with current section 206; or