Queensland Consolidated Acts

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 416

416 Modification for subdivided lots

(1) This section applies if a lot (the
"pre-subdivision lot" ) included in a scheme was subdivided into 2 or more lots (the
"subdivided lots" ) after the last adjustment order or the relevant decision was made for the scheme.

(2) If the contribution schedule lot entitlements for the lots included in the scheme are to be changed under subdivision 3, the changed entitlements must apportion the pre-subdivision lot entitlement between the subdivided lots on the basis of the deciding principle that was used as the basis for the decided entitlements or the last adjustment order entitlements for the scheme.

(3) In this section—

"pre-subdivision lot entitlement" means the proportion of the decided entitlements or the last adjustment order entitlements that applied to a pre-subdivision lot immediately before it was subdivided.