(1)This section applies if the body corporate for a community titles scheme consents to a new community management statement, other than a statement to which section 51, 51A or 57 applies, being recorded for the scheme.
(2)The new community management statement must be prepared by—
(a)if the body corporate manager may, under the body corporate manager’s engagement, prepare the statement—the body corporate manager; or
(b)if paragraph (a) does not apply to the scheme—
(i)for a specified two-lot scheme—
(A)an owner of a lot; or
(B)a person authorised by the body corporate by a lot owner agreement to prepare the statement; or
(ii)for a scheme other than a specified two-lot scheme—the committee for the body corporate.
(3)The body corporate is responsible for the costs of preparing and recording the new community management statement, unless this Act provides otherwise.
For example, in addition to subsection (4), see section 50.