Will the new requirements for disclosure statements from August 2025 affect how a body corporate supplies these documents?
I came across advice that there will be new requirements for disclosure statements from August 2025. Our self-managed block sometimes gets asked for disclosure statements by owners. Will the upcoming changes affect how we supply these documents? After August 2025, will the body corporate still be able to supply disclosure statements to owners selling their lots?
The disclosure obligations are that of the seller of the lot, not the body corporate.
The disclosure obligations are that of the seller of the lot, not the body corporate. Sellers should obtain their own advice from their lawyer or real estate agent on how to prepare these, as it is not the body corporate's obligation to do so.
Bodies corporate are often asked to provide an information certificate, which is a different obligation. There will not be a necessity for search only agents to prepare these.
Todd Garsden Mahoneys E: tgarsden@mahoneys.com.au P: 07 3007 3753
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Todd is an experienced property lawyer who heads up Mahoneys body corporate team.
Todd specialises in body corporate law and predominantly acts for bodies corporate, body corporate managers and lot owners on all matters affecting bodies corporate.
Todd is an active member of the Strata Community Association (Qld). In 2019 he was appointed to the Strata Community Association (Qld) legislation committee and assists in making submissions on behalf of the Strata Community Association (Qld) on issues such as legislative reform in body corporate law.
As Todd is also a body corporate committee member, he understands the day to day requirements of administering a body corporate.
Todd has a focus on achieving practical and commercial results for his clients and understands the market in which bodies corporate operate within.
Todd also provides body corporate managers, and other industry stakeholders, with presentations and training on matters affecting the body corporate industry.
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