Disclaimer

Read this carefully before relying on any Verdict or Audit produced by BUYIQ.

1. Nature of the Service

A BUYIQ Verdict is a source-constrained transcription of the records you upload. It reproduces, in a locked structure of sourced fields, tables and written sections, the facts already recorded in those documents. It does not analyse, interpret, predict, opine on, or attribute responsibility for any matter. It is not a legal opinion, a conveyancing report, a building inspection, a financial statement, an insurance assessment, a compliance audit, or a due diligence report.

Where a Verdict includes written sections, they are continuous prose rather than a list of fields, and that difference does not change what they are. They are bound by the same rule set as every other part of the Verdict: every sentence that states a fact carries a citation to the document and page it came from, any passage quoted from a record is copied from the cited page word for word rather than paraphrased, figures and dates are copied from the cited page rather than calculated or rounded, and the prose contains no advice, no prediction, and no assessment in BUYIQ's own voice. Where a source document itself uses evaluative language, that language is quoted and attributed to the document. Reading paragraphs instead of fields does not mean you have received analysis.

2. What BUYIQ Does Not Do

• We do not verify whether the records you upload are complete, accurate, current, or authentic.
• We do not identify defects, risks, or liabilities that the records do not themselves record.
• We do not assess the adequacy of fund balances, insurance sums insured, levy strategies, or capital works forecasts.
• We do not interpret by-laws, meeting resolutions, NCAT orders, contracts, or regulatory instruments.
• We do not provide advice on your individual circumstances, jurisdictional obligations, or contractual position.

3. Absence of Content Is Not Absence of Risk

Where the Verdict states that a matter "was not identified within the records reviewed", this means exactly that - the records you uploaded do not address the matter. It does not mean the matter does not exist in the real world. Documents omitted from your upload, scanned-image-only pages, password-protected pages, or records kept by the strata manager but not supplied to you are invisible to the Service.

4. Mandatory Independent Advice

Before signing a contract, exchanging, settling, or otherwise committing to a strata-titled property, you must obtain independent advice from an Australian legal practitioner, a licensed conveyancer, a qualified accountant or financial adviser where relevant, and a qualified building or engineering consultant where appropriate. The Verdict is a tool to make those advisors' work faster and sharper - it does not replace them.

5. No Licence Held

BUYIQ is not a law firm, conveyancer, real-estate agency, building inspector, registered valuer, insurance broker, financial services provider, or strata management business. No regulated service is supplied. No Australian Financial Services Licence, Australian Credit Licence, NSW Fair Trading strata-management licence, real-estate licence, or similar authorisation is held by BUYIQ in connection with the Service.

6. Jurisdictional Scope

Strata law differs by state and territory (Strata Schemes Management Act 2015 (NSW), Strata Schemes Development Act 2015 (NSW), Owners Corporations Act 2006 (Vic), Body Corporate and Community Management Act 1997 (Qld), Strata Titles Act 1985 (WA), Strata Titles Act 1988 (SA), Strata Titles Act 1998 (Tas), Unit Titles (Management) Act 2011 (ACT), Unit Titles Schemes Act (NT)). The Service transcribes the records as recorded. Where a Verdict refers to legislation, the reference is to the NSW text in force on 27 September 2026, the date BUYIQ's legislative references were last checked against the official NSW legislation text. Later amendments are not reflected until that date is updated here.

7. Automated System Limitations

The Report Summary is produced by an automated language-model system operating under a locked rule set. Despite extensive guard-rails (atomic facts, no synthesis, zero interpretation, absence disclosure, unit-entitlement-anchored impact, chronological threading, page citation, severity classification, one citation per bracket, and a restricted register in the written sections that bars advisory, predictive and evaluative language), residual error is possible. Before a Verdict is delivered, each quoted passage is checked automatically against the page it cites, and a Verdict that fails that check is held for review rather than delivered. That check confirms the quote appears on the cited page; it does not confirm the record itself is correct. You remain responsible for cross-checking any fact in the Report Summary against the underlying source document before acting upon it.

8. No Fiduciary Duty

No fiduciary, agency, broker, or advisor relationship arises between BUYIQ and you by virtue of your purchase. BUYIQ acts as a provider of an automated information service only.

9. Reliance at Your Own Risk

Reliance on the Verdict is at your own risk. To the maximum extent permitted by law, BUYIQ accepts no liability for any loss, damage, cost, or expense - direct or indirect, foreseeable or unforeseeable - arising from your use of, or reliance on, any Verdict or Audit, save only for liability that cannot be excluded under the Australian Consumer Law (see clause 5 of the Terms of Service).

10. Changes

This Disclaimer forms part of the Terms of Service. It may be updated from time to time; the effective version is the one posted at buyiq.net/disclaimer at the time of your purchase.

11. Questions

Direct questions about this Disclaimer to mail@buyiq.net.