Wednesday, September 30, 2020

Body Corporate And Community Management Act 1997

Chapter 8
Part 10
Division 3
Section 416

Modification for subdivided lots | Section 416

(1)This section applies if a lot (the pre-subdivision lot) included in a scheme was subdivided into 2 or more lots (the subdivided lots) 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 3, the changed entitlements must apportion the pre-subdivision lot entitlement between the subdivided lots on the basis of the deciding principle that was used as the basis for the decided entitlements or the last adjustment order entitlements for the scheme.

(3)In this section—

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

© 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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