Friday, September 25, 2020

Body Corporate And Community Management Act 1997

Chapter 8
Part 9
Division 4
Section 384

Adjustment if material change since contribution schedule lot entitlements decided | Section 384

(1)This section applies if an existing scheme has been affected by a material change that happened after the pre-adjustment order entitlements for the scheme were decided.

(2)The changed entitlements for the existing scheme must take account of the material change.

(3)However, any adjustments of the pre-adjustment order entitlements for the existing scheme to take account of the material change must—

(a)be consistent with the deciding principle for the pre-adjustment order entitlements, and just and equitable to the extent the deciding principle allows; or

(b)if there is no apparent deciding principle for the pre-adjustment order entitlements, be just and equitable.

© 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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