Civil Law (Property) Amendment Regulation 2020 (No 1) (ACT)

Civil Law (Property) Amendment Regulation 2020 (No 1)

Subordinate Law SL2020-41

The Australian Capital Territory Executive makes the following regulation under the Civil Law (Property) Act 2006.

Dated 10 September 2020.

Gordon Ramsay

Minister

Mick Gentleman

Minister

Civil Law (Property) Amendment Regulation 2020 (No 1)

Subordinate Law SL2020-41

made under the

Civil Law (Property) Act 2006

1. Name of regulation

   This regulation is the Civil Law (Property) Amendment Regulation 2020 (No 1).

2. Commencement

   This regulation commences on the commencement of the Unit Titles Legislation Amendment Act 2020, section 4.

   NoteThe naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).

3. Legislation amended

   This regulation amends the Civil Law (Property) Regulation 2020.

4. New sections 1A and 1B

   insert

1AType 1 matter in disclosure statement—Act, s 259A (1) (a) (iv)

(1)The following is prescribed as a type 1 matter for an off-the-plan contract if the disclosure statement includes a potential variation:

(a)a decrease in overall floor area of the unit (excluding any unit subsidiary) of 5% or more;

(b)a decrease or increase in the unit entitlement estimate of 5% or more;

(c)a decrease of 10% or more of a courtyard area or balcony area for the unit (whether or not the courtyard or balcony is part of the unit or a unit subsidiary).

(2)In calculating a decrease or increase for subsection (1), the potential variation must be disregarded.

(3)In this section:

potential variation, in relation to a disclosure statement, means information in the disclosure statement about the allowable change in the layout or size of the unit, unit subsidiary or unit entitlement estimate.

1BDisclosure requirements before contract for sale—Act, s 260 (1) (a) (iii)

The detail (including type and location) of any unit subsidiary for the unit that adjoins the unit is prescribed.

Example—unit subsidiary adjoining unit

a balcony or courtyard

Endnotes

1. Notification

   Notified under the Legislation Act on 10 September 2020.

2. Republications of amended laws

   For the latest republication of amended laws, see align="center">© Australian Capital Territory 2020