Australian Capital Territory Consolidated Acts

UNIT TITLES ACT 2001 - SECT 46A

    (1)     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

              (ii)     either—

    (A)     the contract is for a period not longer than 2 years; or

    (B)     the ACAT authorises the corporation entering into the contract;

        (b)     change the articles of the corporation;

        (c)     approve the keeping of an animal by a member of the units plan in the member's unit unless the right to keep an animal was reserved in each contract to sell a unit in the units plan.

    (2)     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.

    (3)     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.