sec.21Meaning of regulation module

sec.21 Meaning of regulation module

A regulation module is a regulation under this Act that states it is a regulation module for this Act. A regulation module applies to a community titles scheme if the community management statement identifies the module as the regulation module applying to the scheme. A regulation module does not apply to a community titles scheme ( scheme A ), despite anything in the community management statement, if— the regulation module states circumstances that must exist for a community titles scheme if the regulation module is to apply to the scheme; and the circumstances do not exist for scheme A. A regulation module applies to a community titles scheme if— the regulation module states that it is the regulation module that applies to a community titles scheme if no other regulation module applies to it; and no other regulation module applies to the scheme including, for example, because the community management statement for the scheme— fails to identify a regulation module as the regulation module applying to the scheme; or identifies as the regulation module applying to the scheme a regulation module that, under subsection (3) , does not apply to the scheme. A community titles scheme must have only 1 regulation module applying to it. Different regulation modules may apply to different community titles schemes in a layered arrangement of community titles schemes. s 21 amd 1997 No. 78 s 7 (retro); 2003 No. 6 s 3 sch (sec.21-ssec.1) A regulation module is a regulation under this Act that states it is a regulation module for this Act. (sec.21-ssec.2) A regulation module applies to a community titles scheme if the community management statement identifies the module as the regulation module applying to the scheme. (sec.21-ssec.3) A regulation module does not apply to a community titles scheme ( scheme A ), despite anything in the community management statement, if— the regulation module states circumstances that must exist for a community titles scheme if the regulation module is to apply to the scheme; and the circumstances do not exist for scheme A. (sec.21-ssec.4) A regulation module applies to a community titles scheme if— the regulation module states that it is the regulation module that applies to a community titles scheme if no other regulation module applies to it; and no other regulation module applies to the scheme including, for example, because the community management statement for the scheme— fails to identify a regulation module as the regulation module applying to the scheme; or identifies as the regulation module applying to the scheme a regulation module that, under subsection (3) , does not apply to the scheme. (sec.21-ssec.5) A community titles scheme must have only 1 regulation module applying to it. (sec.21-ssec.6) Different regulation modules may apply to different community titles schemes in a layered arrangement of community titles schemes.