Community Titles Act 2018

A tier 2 scheme is a scheme for the creation of community titles on registration of the scheme so as to —

effect a physical division of a tier 1 lot into —

2 or more lots; or

2 or more lots and common property;

allow for the lots to be owned and sold or otherwise dealt with separately (except for any lots that are subdivided by tier 3 schemes); and

require the common property to be administered by a community corporation that comes into existence under this Act on registration of the community titles scheme; and

limit how the common property may be dealt with.

A tier 1 lot subdivided by a tier 2 scheme is referred to as a tier 2 parcel.

A lot in a tier 2 scheme is referred to as a tier 2 lot, except if the lot is subdivided by a tier 3 scheme.

The common property in a tier 2 scheme is referred to as tier 2 common property.