Labour supports increasing transparency when it comes to the information owners disclose to prospective buyers. We also respect that all-important legal maxim, caveat emptor, and in this bill we think we've got the balance right. Others have mentioned what the bill changes—it creates a proportionate utility cost, a code of conduct for body corporate committees, requirements for long-term maintenance plans, and a yearly audit of those plans for complexes larger than 10 units. And it requires sellers to disclose information about a unit to potential buyers, and prevents bodies corporate from entering service agreements for longer than 24 months. So this member's bill makes some of the changes we would like to see. 