31Valuation day—the Act, Schedule 3, cll 3–6 and 13

31 Valuation day—the Act, Schedule 3, cll 3–6 and 13

31 Valuation day—the Act, Schedule 3, cll 3–6 and 13

The valuation day for a schedule of unit entitlement is prescribed as—

(a) for the purposes of a schedule of unit entitlement referred to in the Act, Schedule 3, clause 3—a day within 2 months before an application is made for a subdivision certificate required by the Act, Schedule 1, clause 1 (4)(c), and

(b) for the purposes of a schedule of unit entitlement referred to in the Act, Schedule 3, clause 4—a day within 2 months before an application is made for a subdivision certificate required by the Act, Schedule 1, clause 1 (4)(c), and

(c) for the purposes of a schedule of unit entitlement referred to in the Act, Schedule 3, clause 5—

(i) the valuation day for the original scheme plan, or

(ii) if there has been a subsequent subdivision affecting the association property—the most recent valuation day, and

(d) for the purposes of a schedule of unit entitlement referred to in the Act, Schedule 3, clause 6—

(i) a day within 2 months before an application is made for a subdivision certificate required by the Act, Schedule 1, clause 1 (4)(c), or

(ii) if a subdivision certificate is not required, 2 months before the date of the transfer of the relevant land, and

(e) for the purposes of a schedule of unit entitlement referred to in the Act, Schedule 3, clause 13(4)—a day within 2 months before an application is made for the consent of the planning authority required by the Act, section 61(1)(d).