Body Corporate and Community Management Act 1997
sec.334Future plan
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sec.334 Future plan
Immediately after the future plan is registered under the 1980 Act, a community titles scheme (the new scheme ) is established for the future plan. The new scheme is a basic scheme. Each lot in the future plan becomes a lot included in the new scheme. The scheme land for the new scheme is all the land included in the parcel for the future plan. The body corporate formed under the 1980 Act for the future plan is taken to be, without change to its corporate identity, the body corporate for the new scheme. The original proprietor for the future plan becomes the original owner for the new scheme. (sec.334-ssec.1) Immediately after the future plan is registered under the 1980 Act, a community titles scheme (the new scheme ) is established for the future plan. (sec.334-ssec.2) The new scheme is a basic scheme. (sec.334-ssec.3) Each lot in the future plan becomes a lot included in the new scheme. (sec.334-ssec.4) The scheme land for the new scheme is all the land included in the parcel for the future plan. (sec.334-ssec.5) The body corporate formed under the 1980 Act for the future plan is taken to be, without change to its corporate identity, the body corporate for the new scheme. (sec.334-ssec.6) The original proprietor for the future plan becomes the original owner for the new scheme.