Definitions
122A Definitions
In this Subdivision—
owners corporation means an owners corporation within the meaning of the Strata Schemes Management Act 2015 or an association within the meaning of the Community Land Management Act 2021.
real estate agent and trust account have the same meanings as they have in the Property and Stock Agents Act 2002.
unpaid contribution means a contribution under the Strata Schemes Management Act 2015 or Community Land Management Act 2021 that has not been paid when it becomes due and payable to an owners corporation and includes any interest payable on the unpaid contribution and any expenses of the owners corporation incurred in recovering any such amounts.
This Act’s bill:Explanatory memorandumSecond reading speech
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