sec.123Stratum plan of subdivision

sec.123 Stratum plan of subdivision

A stratum lot may be subdivided into 2 or more stratum lots by the registration of a stratum plan of subdivision. The registrar of titles may register a stratum plan of subdivision only if the plan is accompanied by a schedule showing, as a whole number for each proposed stratum lot, the proposed value proportion for each stratum lot for the purposes of sections 132 and 138 (2) (q) . In registering a stratum plan of subdivision, the registrar of titles may make any recordings on, and amendments of, the relevant management statement that the registrar of titles considers appropriate to give effect to the plan. s 123 amd 1993 No. 80 s 7 ; 2010 No. 39 s 325 sch 1 pt 2 (sec.123-ssec.1) A stratum lot may be subdivided into 2 or more stratum lots by the registration of a stratum plan of subdivision. (sec.123-ssec.2) The registrar of titles may register a stratum plan of subdivision only if the plan is accompanied by a schedule showing, as a whole number for each proposed stratum lot, the proposed value proportion for each stratum lot for the purposes of sections 132 and 138 (2) (q) . (sec.123-ssec.3) In registering a stratum plan of subdivision, the registrar of titles may make any recordings on, and amendments of, the relevant management statement that the registrar of titles considers appropriate to give effect to the plan.