Body Corporate and Community Management (Small Schemes Module) Regulation 2020
sec.144Register of allocations under exclusive use by-law [ SM, s 229 ]
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sec.144 Register of allocations under exclusive use by-law [ SM, s 229 ]
This section applies if there is an exclusive use by-law, and, under the by-law, a person is authorised to allocate parts of the common property or body corporate assets for the purpose of the by-law. The body corporate must keep a register of allocations, including an allocation under a reallocation agreement mentioned in chapter 3 , part 5 , division 2 of the Act , made under the exclusive use by-law. The register must identify the following about each allocation— the exclusive use by-law under which the allocation was made; the common property or body corporate asset allocated; the lot in whose favour the allocation was made. (sec.144-ssec.1) This section applies if there is an exclusive use by-law, and, under the by-law, a person is authorised to allocate parts of the common property or body corporate assets for the purpose of the by-law. (sec.144-ssec.2) The body corporate must keep a register of allocations, including an allocation under a reallocation agreement mentioned in chapter 3 , part 5 , division 2 of the Act , made under the exclusive use by-law. (sec.144-ssec.3) The register must identify the following about each allocation— the exclusive use by-law under which the allocation was made; the common property or body corporate asset allocated; the lot in whose favour the allocation was made.
- (a) the exclusive use by-law under which the allocation was made;
- (b) the common property or body corporate asset allocated;
- (c) the lot in whose favour the allocation was made.