Thursday, September 24, 2020

Body Corporate And Community Management Act 1997

Chapter 8
Part 10
Division 3
Section 417

Modification for amalgamated lot | Section 417

(1)This section applies if 2 or more lots (the pre-amalgamated lots) included in a scheme were amalgamated into 1 lot (the amalgamated lot) after the last adjustment order or the relevant decision was made for the scheme.

(2)If the contribution schedule lot entitlements for the lots included in the scheme are to be changed under subdivision 2 or 3, the changed entitlements must provide for the lot entitlement for the amalgamated lot to be the total of the pre-amalgamated lot entitlements.

(3)In this section—

pre-amalgamated lot entitlement means the proportion of the decided entitlements or the last adjustment order entitlements that applied to a pre-amalgamated lot before it was amalgamated.

© 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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