Northern Territory Numbered Regulations Northern Territory Numbered Regulations(1) For section 45(2)(b) of the Act, the disclosure statement must contain the following information:
(a) if the developer has entered into an arrangement to engage a body corporate manager or service contractor:
(i) the name of the body corporate manager or service contractor; and
(ii) the nature of the arrangement; and
(iii) the period the arrangement is to be in force; and
(iv) the rights and obligations of the body corporate manager or service contractor; and
(v) details about any service fees payable to the body corporate manager or service contractor under the arrangement;
(b) if the developer proposes to enter into an arrangement to engage a body corporate manager or service contractor – any proposal relating to the matters mentioned in paragraph (a).
(2) For section 45(2)(c) of the Act, the disclosure statement must contain the following information:
(a) if the developer has authorised a person to be a letting agent:
(i) the name of the letting agent; and
(ii) the period the authorisation is to be in force; and
(iii) the rights and obligations of the letting agent; and
(iv) details about any service fees payable to the letting agent;
(b) if the developer proposes to authorise a person to be a letting agent – any proposal relating to the matters mentioned in paragraph (a).
(3) For section 45(2)(d) of the Act, the disclosure statement must contain the following information:
(a) a complete list of the existing body corporate assets and any proposed body corporate assets;
(b) any limitation or proposed limitation on the use of the assets.
(4) For section 45(2)(h) of the Act, if the management module of the scheme provides for a method of adjudicating disputes arising from the disclosure statement, the statement must specify the method.