GUARANTEE

"Interest" means interest earned on the Deposit less any taxes, duties, fees, costs and charges.

"Land Tax" means any land tax payable under the Land Tax Act 2005.

"Law" means any law, rule, Act, ordinance, regulation, by-law, local law, order, statutory instrument, control, restriction, direction, notice or proclamation and includes the requirements of any municipal or statutory body or any permit, planning scheme, precinct structure plan, or approval affecting the Land.

"Loss" means any liability, charge, claim, loss, damage, expense or cost including any legal costs on a solicitor/client basis.

“Online Duties Form” means the digital form introduced and imposed by the SRO for the purpose of assessment of duty on transfers of land.

“OptiComm Building Ready Specifications” means Opticom Co Pty Ltd’s standard specifications for connecting a dwelling to the fibre optic network, copies of which are as provided by the Vendor or as otherwise available at www.opticom.net.au. as amended from time to time.

"Outgoings" means any rates, taxes, assessments and other outgoings (including insurance premiums and fees of the Owners Corporation but excluding Land Tax) which apply to the Land.

"Owners Corporation" means Owners Corporation, which will be created upon registration of the Plan .

"Owners Corporation Costs" includes:

(1) the cost of the Owners Corporation and/or the Owners Corporation Manager carrying out all the duties and functions required by Law to be carried out by the Owners Corporation; and

(2) the cost of the Owners Corporation Manager generally carrying out all the duties and functions required by the Owners Corporation.

“Owners Corporation Manager” means the manager appointed by the Owners Corporation to be its manager pursuant to section 119 of the Owners Corporation Act 2006 (Vic).

"Owners Corporation Rules" means the general rules and additional rules of the Owners Corporation in the form or substantially in the form of the draft rules annexed to the Vendor's Statement, and includes any variations to those rules as notified by the Vendor to the Purchaser in writing from time to time before the Settlement Date.

"Particulars of Sale" means the particulars of sale in this Contract.

"Personal Information" has the meaning given to it in the Privacy Act.

"Plan" means plan of subdivision PS842537H/S22 a copy of which is annexed to the Vendor's Statement, and where appropriate, includes any future stages of this plan.

"Planning Controls" means the planning scheme, overlays, planning permits and other planning controls imposed by any Law or any regulation of any Relevant