Strata Schemes Development Act 2015

A schedule of unit entitlement for a strata scheme that does not include a development lot must show as whole numbers—

the aggregate unit entitlement of all lots, and

apportioned on a market value basis at the valuation day and totalling the aggregate unit entitlement of all lots, the proposed unit entitlement of each lot.

A schedule of unit entitlement for a strata scheme that includes a development lot must show as whole numbers—

the aggregate unit entitlement of all lots, whether or not a development lot, and

apportioned on the basis of land value (within the meaning of the Valuation of Land Act 1916) and totalling the aggregate unit entitlement referred to in paragraph (a)—

the proposed unit entitlement of each development lot, and

the aggregate proposed unit entitlement of all lots that are not development lots, being the unit entitlement attributable to the residue of the land in the proposed parcel, and

apportioned on a market value basis at the valuation day and totalling the proposed unit entitlement of all lots that are not development lots, the proposed unit entitlement of each lot that is not a development lot.