(1)This section applies to a contract entered into by a person with another person (the buyer) for the sale to the buyer of a lot intended to come into existence as a lot included in a community titles scheme when the scheme is established or changed.
(2)When the contract is entered into there must be a proposed community management statement for the scheme as established or changed.
(3)The buyer may terminate the contract if—
(a)there has been a contravention of subsection (2); and
(b)the contract has not already been settled.