Community development schemes
51 Community development schemes
A community development scheme consists of – a master plan for developing land involving two or more of the elements mentioned in subsection (2) or for combining two or more of those elements if no further development is intended whether in either case the elements are of the same kind or not; and a management statement that conforms with the requirements of this Part; and the constituent documents for the body corporate to be formed on registration of the scheme; and the by-laws of the body corporate.
A community development scheme must include two or more of the following elements, whether of the same kind or not:a strata scheme; a sealed plan; some other form of land division; the establishment of a retirement village; a marina or water-based development.
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