What will be in the disclosure statement?
A. The disclosure statement will contain the information required by Section 45 of the Unit Title Schemes Act. This will be information that answers the following questions: What is the estimated amount of the annual contributions reasonably expected to be payable to the body corporate for the unit. What are the proposals concerning the engagement or proposed engagement of a body corporate manager or service contractor. What are the proposals (if any) concerning letting agents. What are the body corporate assets. What are the existing and proposed scheme statements, management modules and by-laws of the scheme and higher schemes (whether existing or proposed to be formed or changed). What is the method of adjudicating disputes arising from the disclosure statement as prescribed by regulation.
