Monday, September 28, 2020

Body Corporate And Community Management Act 1997

Chapter 8
Part 11
Division 2
Section 430

Process if body corporate consented to new community management statement | Section 430

(1)This section applies if, at the commencement, the body corporate has consented to the recording of a new community management statement to reflect the formal acquisition.

(2)The body corporate must endorse its consent on the new community management statement (if it has not already done so) and give the endorsed new statement to the constructing authority.

(3)If the body corporate gives an endorsed new community management statement to the constructing authority under subsection (2), the constructing authority may lodge a request to record the endorsed new statement.

(4)If the body corporate has not given an endorsed new community management statement to the constructing authority within 5 business days after the commencement, the constructing authority may lodge a request to record a new community management statement that is the same as the proposed new community management statement the constructing authority gave to the body corporate for endorsing its consent.

Note—

See, however, section 64.

(5)Before lodging a request to record a new community management statement under subsection (4), the constructing authority must sign and date the new statement.

(6)The registrar may record a new community management statement mentioned in subsection (4) despite section 54(2) and the Land Title Act, section 115K(1)(d).

(7)The constructing authority is responsible for the costs of recording the endorsed new statement.

© 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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