Schedule of unit entitlement for strata plan of subdivision not involving common property or development lot
3 Schedule of unit entitlement for strata plan of subdivision not involving common property or development lot
A schedule of unit entitlement for a proposed strata plan of subdivision altering the boundaries of one or more lots to create only two or more different lots, other than a plan to which clause 5 applies, must—
show the proposed aggregate unit entitlement, and
show as a whole number the proposed unit entitlement of—
each lot comprised in the parcel that is not a lot the subject of the proposed subdivision, and
each proposed lot.
A number relating to a lot other than a proposed lot must bear to the proposed aggregate unit entitlement the same proportion that the unit entitlement of the lot bore, immediately before the plan was registered, to the aggregate unit entitlement.
The sum of the numbers relating to the proposed lots must bear to the proposed aggregate unit entitlement the same proportion that the unit entitlement or the sum of the unit entitlements of the lot or lots the subject of the proposed subdivision bore, immediately before the plan was registered, to the aggregate unit entitlement.
This Act’s bill:Explanatory memorandumSecond reading speech
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