Barrister AI
All legislation
NTAct
In force
This is the latest official compilation.Check the official source →
s 33

Common property

In force
Chapter 2Basic operation of a scheme
Part 2.3Key elements of a scheme
Division 3Scheme land
Subdivision 2Common property

33 Common property

(1) The

common property of a scheme is the part of the scheme land specified as the common property in the scheme statement.

(2) A unit or part of a unit, or a body corporate asset, cannot be common property.

(3) A lot cannot be common property of more than 1 scheme.

Research tools for this sectionPro

The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.