(1)A lot owner agreement for a specified two-lot scheme is an agreement between the owners of the lots included in the scheme about a matter—
(a)related to the carrying out of the functions given to the body corporate under this Act and the community management statement; and
(b)for which the body corporate is required or permitted to make a decision under this Act or the community management statement.
(2)A lot owner agreement for a specified two-lot scheme is a decision of the body corporate.