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s 68

Layered schemes

In force
Chapter 2Basic operation of a scheme
Part 2.4Development of a scheme
Division 3Layered scheme

68 Layered schemes

(1) A scheme is a layered scheme if:

(a) it is not a subsidiary scheme of another scheme; and

(b) it is a higher scheme of 1 or more other schemes.

Note for subsection (1)

The scheme land of the layered scheme therefore consists of the following:

(a) the scheme land of all its subsidiary schemes;

(b) the common property of the layered scheme;

(c) any other unit of the layered scheme.

(2) The following are the member schemes of the layered scheme:

(a) the layered scheme;

(b) each subsidiary scheme of the layered scheme.

(3) Except as otherwise provided by this Act, a member scheme must operate independently of another member scheme.

Notes for subsection (3)

1 A decision of the body corporate of a subsidiary scheme is not normally required to be endorsed by the body corporate of a higher scheme unless it is specifically required under this Act.

2 Provisions of this Act that might affect the general rule in this subsection include sections 11(3), 13(2), 29(6) and 52(1)(a).

3 The member schemes are not required to have the same management module and by-laws. See sections 94(6) and 95(4).

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