(1) A matter mentioned in schedule 1 (Contents of village contracts) must be included in a village contract.
(2) A matter mentioned in schedule 2 (Matter to be excluded from village contracts) must be excluded from a village contract.
(3) This section does not prevent the inclusion of additional matter in a village contract (other than matter inconsistent with the matter mentioned in schedule 1).
(4) This section does not apply to a residence contract relating to premises that are subject to a community title scheme, company title scheme or units plan.
(5) However, this section applies to a residence contract mentioned in subsection (4) if the operator of the village (or a close associate of the operator) is the seller under the residence contract.