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28/04/2016 at 7:30 pm
#24836
In the ACT:
“S.33 Restriction on owners corporation during developer control period
An owners corporation for a units plan must not, during the developer control period, do any of the following:
(a) enter into a contract unless—
(i) the contract is disclosed in each contract to sell a unit in the units plan; and…
A developer or, if an owners corporation is established for the units plan, the owners corporation may apply to the ACAT for the authority to enter a contract during the developer control period.
The ACAT may authorise the owners corporation entering into the contract if satisfied that the terms of the contract are reasonable in all the circumstances…”