223Value of interests of members of an association

#### 223 Value of interests of members of an association 223 Value of interests of members of an association > > (1) The comparative value of the relevant interests of the members of a community association or a precinct association is the same as the proportion that is borne to the total unit entitlement for the community scheme or precinct scheme— > > > > > (a) in the case of a member who is the owner of a development lot—by the unit entitlement for the development lot, or > > > > > (b) in the case of a member that is a precinct association, a neighbourhood association or a strata corporation—by the unit entitlement for the former development lot that is subject to the precinct scheme, neighbourhood scheme or strata scheme. > > > (2) The comparative value of the relevant interests of the members of a neighbourhood association is the same as the proportion that is borne to the total unit entitlement for the neighbourhood scheme by the respective unit entitlements for the neighbourhood lots. > > > (3) In this section— > > > > relevant interest, in relation to a member, means— > > > > > (a) the value of the member’s vote on a poll at a meeting of the association, or > > > > > (b) the amount of a levy on the member in relation to the total levies on all members of the association, or > > > > > (c) the interest of the member in the association property, or > > > > > (d) the interest of the member in an amount of surplus funds being distributed by the association, or > > > > > (e) the interest of the member in the community parcel, precinct parcel, neighbourhood parcel or strata parcel on termination of the applicable scheme.