Tuesday, September 29, 2020

Body Corporate And Community Management Act 1997

Chapter 8
Part 9
Division 4
Section 382

Adjustment if 2 or more lots in existing scheme have been amalgamated | Section 382

(1)This section applies if 2 or more lots (the pre-amalgamation lots) in an existing scheme as it was when the pre-adjustment order entitlements for the scheme were decided comprises only 1 lot (the post-amalgamation lot) when a relevant decision is made in relation to the scheme.

(2)The changed entitlements for the existing scheme must provide for the contribution schedule lot entitlement for the post-amalgamation lot to be the total of the pre-adjustment order contribution schedule lot entitlements for the scheme attributable to the pre-amalgamation lots.

© Sourced from the Queensland Legislation website at 1 April 2020. For the latest information on Queensland Government legislation please go to https://www.legislation.qld.gov.au.

Disclaimer: Reproduced from the Body Corporate and Community Management Act 1997. This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

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