(1) When a
strata/survey-strata plan is lodged for registration a management
is in the prescribed form; and
complies with subsection (3),
may be lodged for
registration with it.
(2) A management
statement is a document setting out —
by-laws of the strata company that are to have effect under sections 42,
42A and 42B; and
amendments and repeals referred to in section 42(2),
and may include
by-laws in relation to any matter specified in Schedule 2A.
(3) A management
statement shall be signed by —
person who is registered as proprietor of the fee simple of the parcel; and
person who has a registered interest in, or is a caveator in respect of, the
(5) Upon registration
of a management statement, the by-laws set out in the statement, and any
amendments and repeals, have effect for the purposes of section 42.
(6) By-laws set out in
a management statement may be amended in accordance with section 42 or as
otherwise provided by this Act.
[Section 5C inserted: No. 58 of 1995
s. 10; amended: No. 61 of 1996 s. 10.]