Body Corporate and Community Management Act 1997
sec.382Adjustment if 2 or more lots in existing scheme have been amalgamated
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sec.382 Adjustment if 2 or more lots in existing scheme have been amalgamated
This section applies if 2 or more lots (the pre-amalgamation lots ) in an existing scheme as it was when the pre-adjustment order entitlements for the scheme were decided comprises only 1 lot (the post-amalgamation lot ) when a relevant decision is made in relation to the scheme. The changed entitlements for the existing scheme must provide for the contribution schedule lot entitlement for the post-amalgamation lot to be the total of the pre-adjustment order contribution schedule lot entitlements for the scheme attributable to the pre-amalgamation lots. s 382 ins 2011 No. 9 s 41 (sec.382-ssec.1) This section applies if 2 or more lots (the pre-amalgamation lots ) in an existing scheme as it was when the pre-adjustment order entitlements for the scheme were decided comprises only 1 lot (the post-amalgamation lot ) when a relevant decision is made in relation to the scheme. (sec.382-ssec.2) The changed entitlements for the existing scheme must provide for the contribution schedule lot entitlement for the post-amalgamation lot to be the total of the pre-adjustment order contribution schedule lot entitlements for the scheme attributable to the pre-amalgamation lots.