49DA
In forceCreation of common property
Part 4Registration of land
Division 3Plans of subdivision
49DA Creation of common property
(1)
This section applies if—
(a)
the community management statement for a community titles scheme provides for the progressive subdivision of scheme land; and
(b)
under the scheme, the scheme land is to be subdivided by a plan of subdivision to create common property under sections 49B to 49D.
(2)
The registration of the plan and recording of the new community management statement for the scheme operate, without anything further, to create the common property.
This Act’s bill:Explanatory memorandum
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