Western Australian Current Acts

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STRATA TITLES ACT 1985 - SECT 37

37 .         Schedule of unit entitlements

        (1)         The schedule of unit entitlements for a strata titles scheme must —

            (a)         allocate a whole number (a unit entitlement ) to each lot in the strata titles scheme; and

            (b)         state the number that is the sum of the unit entitlements of all the lots in the strata titles scheme.

        Note for this subsection:

                The unit entitlement of a lot determines —

•         the interest of the owner of the lot in the common property in the strata titles scheme: see section 13; and

•         subject to the scheme by-laws, the contributions payable by the owner of a lot in the scheme: see section 100; and

•         the voting rights that attach to the lot: see section 120.

        (2)         When allocated, the proportion that a unit entitlement of a lot bears to the sum of the unit entitlements of all the lots in the strata titles scheme must not be greater than 5% more, or 5% less, than the proportion that the value of the lot bears to the sum of the value of all the lots in the strata titles scheme.

        (3)         The value of a lot is —

            (a)         in a strata scheme — the capital value; and

            (b)         in a survey-strata scheme — the site value.

        (4)         Without limitation, the regulations may prescribe matters relating to the determination of the value of a lot.

        (5)         A schedule of unit entitlements, or an amendment of a schedule of unit entitlements, for a strata titles scheme must —

            (a)         be in the approved form; and

            (b)         be prepared and certified by a licensed valuer.

        (6)         A licensed valuer must comply with the regulations and Transfer of Land Act requirements in preparing and certifying a schedule of unit entitlements, or an amendment of a schedule of unit entitlements, for a strata titles scheme.

        (7)         A schedule of unit entitlements, or an amendment of a schedule of unit entitlements, must not be registered unless it is certified by a licensed valuer within a period specified in the regulations before an application is made for registration of the schedule or amendment.

        [Section 37 inserted: No. 30 of 2018 s. 83.]

[Former section 37 renumbered as section 116 and relocated to Part 8 Division 1 Subdivision 7: No. 30 of 2018 s. 84.]



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