Community titles schemes
69 Community titles schemes
The valuer-general must not value lots in a community titles scheme separately but must instead value the scheme land for the scheme—
as an undivided whole; and
as if it were owned by a single owner.
For the valuation, and objection and appeal against the valuation, the body corporate for the community titles scheme is taken to be the scheme land’s owner.
The body corporate must be shown in the valuation as the scheme land’s owner.
In this section—
body corporate, for a community titles scheme, means the body corporate under the BCCM Act for the scheme.
scheme land, for a community titles scheme, means scheme land under the BCCM Act for the scheme.
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