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ARTICLE · 10 AUGUST 2013

New BCCM Form 14 (version 11) Information Statement: Changes to the Body Corporate and Community Management Act

The new BCCM Form 14 (version 11) Information Statement is now effective for all contracts in a community titles scheme.

AustraliaReal Estate and Construction

New BCCM Form 14 (version 11) Information Statement

Pursuant to the Body Corporate and Community Management Act 1997 (Qld), the Seller or Seller's agent must attach a Body Corporate and Community Management ("BCCM") Form 14 Information Statement to a contract for a lot sold in a community titles scheme.

The new BCCM Form 14 (version 11) Information Statement has been released and is effective for all contracts in a community titles scheme from 1 August 2013.

No Transitional Period

There is no transitional period. The New BCCM Form 14 (version 11) Information Statement must be attached to all contracts in a community titles scheme from 1 August 2013.

Using the BCCM Form 14 (version 10) Information Statement from 1 August 2013 may create termination rights for the buyer. A Contract issued with the BCCM Form 14 (version 10) Information Statement but not fully signed and dated will need to be cancelled and a new contract issued with the correct form.

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