167
In forceLease variation—amendment of schedule of unit entitlement
Part 12Lease variations and grants of further leases
Division 12.1Variation of leases
167 Lease variation—amendment of schedule of unit entitlement
(1)
On the variation of the lease of a unit, the territory planning authority may, by written notice to the registrar-general, direct that the schedule of unit entitlement be amended if the authority considers it necessary to do so to reflect accurately any change in the relative improved values of the units because of the variation.
(2)
On the registration of the territory planning authority’s direction to amend the schedule of unit entitlement, the units plan is amended accordingly.
Division 12.2 Grants of further leases
This Act’s bill:Explanatory statementSecond reading speech
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