Unit Title Schemes Act 2009
46Replacement scheme disclosure statement
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46 Replacement scheme disclosure statement (1) This section applies if, before the contract is completed, the seller becomes aware the disclosure statement in force for the unit contains: (a) inaccurate or incomplete information; or (b) information that is out of date. (2) Within 20 working days after the seller becomes so aware, or a longer period agreed between the buyer and seller, the seller must give the buyer a replacement scheme disclosure statement in force under section 45(3) (a replacement statement) that corrects the information. If the proposed scheme statement included in the disclosure statement has been revised, the seller must give the buyer a replacement statement that includes the revised proposed scheme statement. (3) The seller must not compel the buyer to complete the contract before the end of 10 working days after giving the replacement (4) The seller must comply with subsections (2) and (3).