QLDIn ForceAct
Body Corporate and Community Management Act 1997
sec.17Meaning of lease-back scheme and lease-back scheme operator
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sec.17 Meaning of lease-back scheme and lease-back scheme operator
A community titles scheme is a lease-back scheme if— the scheme is a basic scheme; and lots included in the scheme are the subject of registered or registrable leases to a person (the lease-back scheme operator ); and the lease-back scheme operator is the owner for each lot included in the scheme other than the lots mentioned in paragraph (b) . s 17 amd 1997 No. 78 s 6
- (a) the scheme is a basic scheme; and
- (b) lots included in the scheme are the subject of registered or registrable leases to a person (the lease-back scheme operator ); and
- (c) the lease-back scheme operator is the owner for each lot included in the scheme other than the lots mentioned in paragraph (b) .