Unit Titles Act 2001

An owners corporation may apply to the territory planning authority for authority (a unit entitlement authority) for the amendment of the schedule of unit entitlement.

The territory planning authority may, by written notice to the owners corporation, grant a unit entitlement authority if satisfied on reasonable grounds that—

the application is authorised by a special resolution of the owners corporation made within 3 months before the day the application is made; and

the amendment is necessary to reflect accurately the current relative improved values of the units, or a change in those values that is anticipated after a particular event happens.

The territory planning authority may grant a unit entitlement authority subject to the condition that it is to take effect only when a stated event happens.

If the owners corporation applies for a unit entitlement authority that is to remain in force for longer than 3 months, the territory planning authority may, in authorising the unit entitlement amendment, if satisfied that an extended period is justified—

allow the extended period applied for; or

allow a shorter extended period.