Schedules of unit entitlement—the Act, s 115(2)(c)
8 Schedules of unit entitlement—the Act, s 115(2)(c)
A schedule of unit entitlement accompanying a scheme plan must contain 3 columns as follows—
the first column, headed “LOT”, must list the lots in the scheme in numerical order,
the second column, headed “UNIT ENTITLEMENT”, must contain—
for the association property—the words “COMMUNITY PROPERTY”, “PRECINCT PROPERTY” or “NEIGHBOURHOOD PROPERTY”, as the case requires, and
for a lot that is to be dedicated as a public reserve or drainage reserve—the words “PUBLIC RESERVE” or “DRAINAGE RESERVE”, as the case requires, and
for each other lot—the value of the unit entitlement,
the third column, headed “SUBDIVISION”, must record details of subsequent subdivisions, consolidations, severances and other changes to lots as they occur.
At the end of the schedule of unit entitlement—
the first column must contain the word “TOTAL”, and
the second column must contain the total value of all the unit entitlements of the individual lots referred to in subsection (1)(b)(iii).
A warning statement that the schedule of unit entitlement may be altered or replaced must be—
in the approved form, and
set out in the panels provided on the administration sheet required to accompany the scheme plan.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.