Sunday, September 27, 2020

Body Corporate And Community Management Act 1997

Chapter 8
Part 10
Division 3
Section 419

Modification for material change | Section 419

(1)This section applies if—

(a)there has been a material change for a scheme; and

(b)the material change occurred 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, subject to subsection (3), take account of the material change.

(3)The changed entitlements must be consistent with the deciding principle that was used as the basis for the decided entitlements or the last adjustment order entitlements for the 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.

didn't find what you are looking for?

Try searching for It

Hello!

Drop us a message!