sec.338Community management statement recorded for 1980 Act plan when plan registered

sec.338 Community management statement recorded for 1980 Act plan when plan registered

Despite section 337(1) to (4), when a future 1980 Act plan is lodged for registration, a community management statement (a first statement ) may be lodged for recording as the community management statement for the new scheme to be established on registration of the future 1980 Act plan. If, when the registrar registers a future 1980 Act plan, the registrar records a first statement, the first statement is taken to have effect immediately the new scheme is established, and the new scheme does not have an interim statement. However, despite anything in the first statement, the regulation module applying to the scheme is, until a subsequent community management statement is recorded for the scheme and identifies a different regulation module as the regulation module applying to the scheme, the regulation module that applies to a community titles scheme if no other regulation module applies to it. (sec.338-ssec.1) Despite section 337(1) to (4), when a future 1980 Act plan is lodged for registration, a community management statement (a first statement ) may be lodged for recording as the community management statement for the new scheme to be established on registration of the future 1980 Act plan. (sec.338-ssec.2) If, when the registrar registers a future 1980 Act plan, the registrar records a first statement, the first statement is taken to have effect immediately the new scheme is established, and the new scheme does not have an interim statement. (sec.338-ssec.3) However, despite anything in the first statement, the regulation module applying to the scheme is, until a subsequent community management statement is recorded for the scheme and identifies a different regulation module as the regulation module applying to the scheme, the regulation module that applies to a community titles scheme if no other regulation module applies to it.