15
In forceSchedule of building lot entitlements – section 26ZI(3)(d)
Part 6Building development
15 Schedule of building lot entitlements – section 26ZI(3)(d)
(1) A schedule of building lot entitlements is to be prepared and certified by a valuer.
(2)
The schedule is to set out:
(a) for each building lot – the building lot entitlement for that lot; and
(b)
the aggregate building lot entitlement for all the lots.
(3) The building lot entitlement for a building lot is a whole number that represents, as nearly as practicable, the proportion that the value of the lot bears to the aggregate value of all the lots, where the value of each lot is established by reference to its unimproved capital value at the date of certification by the valuer.
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