Queensland Consolidated Acts

BUILDING UNITS AND GROUP TITLES ACT 1980 - SECT 35

35 Agreement for payment to a proprietor of consideration on transfer or lease of common property

A body corporate may, pursuant to a special resolution, make an agreement with a proprietor with respect to the payment to the proprietor of the whole or any part of the consideration under any transaction proposed to be entered into by the body corporate under part 2 , division 2 or of any moneys payable to the body corporate under a by-law referred to in section 30 (7) .