sec.399Incomplete adjustment matter ceases to have effect

sec.399 Incomplete adjustment matter ceases to have effect

On the commencement, an incomplete adjustment matter ceases to have effect. Without limiting subsection (1)— an incomplete adjustment matter is taken never to have been made; and no further action may be taken in relation to an incomplete adjustment matter. Before the commencement, a body corporate for a scheme has made a decision under section 387(2) to adjust the contribution schedule lot entitlements for the scheme to reflect the pre-adjustment order entitlements. However, immediately before the commencement, the body corporate had not lodged a request to record a new community management statement incorporating the change. On the commencement, the body corporate’s decision ceases to have effect and the body corporate can not lodge a request to record a new community management statement incorporating the change. s 399 ins 2013 No. 11 s 13 (retro) (sec.399-ssec.1) On the commencement, an incomplete adjustment matter ceases to have effect. (sec.399-ssec.2) Without limiting subsection (1)— an incomplete adjustment matter is taken never to have been made; and no further action may be taken in relation to an incomplete adjustment matter. Before the commencement, a body corporate for a scheme has made a decision under section 387(2) to adjust the contribution schedule lot entitlements for the scheme to reflect the pre-adjustment order entitlements. However, immediately before the commencement, the body corporate had not lodged a request to record a new community management statement incorporating the change. On the commencement, the body corporate’s decision ceases to have effect and the body corporate can not lodge a request to record a new community management statement incorporating the change.

• (a) an incomplete adjustment matter is taken never to have been made; and
• (b) no further action may be taken in relation to an incomplete adjustment matter.