Thursday, October 1, 2020

Body Corporate And Community Management Act 1997

Chapter 8
Part 1
Division 4
Section 334

Future plan | Section 334

(1)Immediately after the future plan is registered under the 1980 Act, a community titles scheme (the new scheme) is established for the future plan.

(2)The new scheme is a basic scheme.

(3)Each lot in the future plan becomes a lot included in the new scheme.

(4)The scheme land for the new scheme is all the land included in the parcel for the future plan.

(5)The body corporate formed under the 1980 Act for the future plan is taken to be, without change to its corporate identity, the body corporate for the new scheme.

(6)The original proprietor for the future plan becomes the original owner for the new scheme.

© 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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