Meaning of community titles scheme
115B Meaning of community titles scheme
A community titles scheme is—
a single community management statement recorded by the registrar identifying land (the scheme land); and
the scheme land.
Land may be identified as scheme land if it consists of—
2 or more lots; and
other land (the common property for the community titles scheme) that is not included in a lot mentioned in paragraph (a).
Land can not be common property for more than 1 community titles scheme.
For each community titles scheme, there must be—
at least 2 lots; and
common property; and
a single body corporate; and
a single community management statement.
A community titles scheme is a basic scheme if all the lots mentioned in subsection (2)(a) are lots under this Act.
However, under this part, a lot may be, for its inclusion in a community titles scheme other than a basic scheme, another community titles scheme.
Note—BCCM Act, schedule 1 (Illustrations) contains examples of possible structures of community titles schemes.
This Act’s bill:Explanatory memorandum
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.