Tuesday, May 17, 2022

Body Corporate And Community Management Act 1997

Chapter 2
Part 5
Section 51C

Limited adjustment of lot entitlement schedule—after amalgamation of lots | Section 51C

(1)This section applies if 2 or more lots in a community titles scheme (the pre-amalgamation lots) are amalgamated into 1 lot (the post-amalgamation lot).

(2)The lot entitlement for the post-amalgamation lot is the total of the lot entitlements for the pre-amalgamation lots.

(3)The owner of the post-amalgamation lot must give the body corporate written notice of the lot entitlement for the post-amalgamation lot.

(4)If the body corporate is given written notice under subsection (3), the body corporate must, as quickly as practicable, lodge a request to record a new community management statement incorporating the change.

Maximum penalty—100 penalty units.

(5)The new community management statement must be prepared and recorded at the expense of the owners of 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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