sec.54ILots constituted by community titles schemes

### sec.54I Lots constituted by community titles schemes For the operation of this division— a lot could be constituted by the scheme land for a community titles scheme; and for the signing of the statement, or an amendment, extinguishment or partial extinguishment of the statement, by the registered owner of the lot, the body corporate for the scheme is taken to be the registered owner. To remove any doubt, it is declared that if a building management statement applies to scheme land for a community titles scheme, the building management statement is binding on the community titles scheme. Also, if the building management statement provides for the establishment and operation of a management group, a decision made by the management group under the building management statement is binding on the community titles scheme. Subsections (2) and (3) have effect despite section 97 of the BCCM Act . To remove any doubt, it is declared that if a building management statement applies to scheme land for a community titles scheme, registration of the building management statement does not, and can not, give the body corporate of the community titles scheme an interest in any particular lot included in the scheme. s 54I ins 1997 No. 28 s 295 sch 3 amd 2005 No. 68 s 73 (sec.54I-ssec.1) For the operation of this division— a lot could be constituted by the scheme land for a community titles scheme; and for the signing of the statement, or an amendment, extinguishment or partial extinguishment of the statement, by the registered owner of the lot, the body corporate for the scheme is taken to be the registered owner. (sec.54I-ssec.2) To remove any doubt, it is declared that if a building management statement applies to scheme land for a community titles scheme, the building management statement is binding on the community titles scheme. (sec.54I-ssec.3) Also, if the building management statement provides for the establishment and operation of a management group, a decision made by the management group under the building management statement is binding on the community titles scheme. (sec.54I-ssec.4) Subsections (2) and (3) have effect despite section 97 of the BCCM Act . (sec.54I-ssec.5) To remove any doubt, it is declared that if a building management statement applies to scheme land for a community titles scheme, registration of the building management statement does not, and can not, give the body corporate of the community titles scheme an interest in any particular lot included in the scheme. - (a) a lot could be constituted by the scheme land for a community titles scheme; and - (b) for the signing of the statement, or an amendment, extinguishment or partial extinguishment of the statement, by the registered owner of the lot, the body corporate for the scheme is taken to be the registered owner.