Body Corporate and Community Management (Small Schemes Module) Regulation 2020
sec.173Disposal of interest in and leasing or licensing of common property—unexecuted document
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sec.173 Disposal of interest in and leasing or licensing of common property—unexecuted document
This section applies if— before the commencement, a disposal of an interest in or the leasing or licensing of common property of a body corporate (a transaction ) was authorised or otherwise permitted under former section 103; and immediately before the commencement, the body corporate had not executed a document to certify the transaction as required under former section 103(5)(a). New section 103 applies to the documents that must accompany the instrument lodged for registration under the Land Title Act 1994 to give effect to the transaction. s 173 ins 2024 SL No. 40 s 49 (sec.173-ssec.1) This section applies if— before the commencement, a disposal of an interest in or the leasing or licensing of common property of a body corporate (a transaction ) was authorised or otherwise permitted under former section 103; and immediately before the commencement, the body corporate had not executed a document to certify the transaction as required under former section 103(5)(a). (sec.173-ssec.2) New section 103 applies to the documents that must accompany the instrument lodged for registration under the Land Title Act 1994 to give effect to the transaction.
- (a) before the commencement, a disposal of an interest in or the leasing or licensing of common property of a body corporate (a transaction ) was authorised or otherwise permitted under former section 103; and
- (b) immediately before the commencement, the body corporate had not executed a document to certify the transaction as required under former section 103(5)(a).