sec.403Decision of body corporate committee

sec.403 Decision of body corporate committee

This section applies if a committee for a body corporate receives a request under section 402. Within 90 days after the submission period ends the committee must, after considering any submission made during the submission period, decide what modification, if any, is required to be made under subdivision 5 to the decided entitlements for the scheme. Within 7 days after making its decision, the committee must give the owner of each lot included in the scheme written notice of the committee’s decision. Within 30 days after the committee makes the decision, the body corporate must lodge a request to record a new community management statement for the scheme incorporating the decided entitlements, as modified, if applicable, under subdivision 5 (the changed entitlements ). Maximum penalty—100 penalty units. Under section 46(10), a change to a lot entitlement takes effect on the recording of a new community management statement incorporating the change. However, subsection (4) does not apply if, before the end of the 30 day period— an owner of a lot included in the scheme makes an application under section 405; and the specialist adjudicator or QCAT makes an order under section 406. s 403 ins 2013 No. 11 s 13 (sec.403-ssec.1) This section applies if a committee for a body corporate receives a request under section 402. (sec.403-ssec.2) Within 90 days after the submission period ends the committee must, after considering any submission made during the submission period, decide what modification, if any, is required to be made under subdivision 5 to the decided entitlements for the scheme. (sec.403-ssec.3) Within 7 days after making its decision, the committee must give the owner of each lot included in the scheme written notice of the committee’s decision. (sec.403-ssec.4) Within 30 days after the committee makes the decision, the body corporate must lodge a request to record a new community management statement for the scheme incorporating the decided entitlements, as modified, if applicable, under subdivision 5 (the changed entitlements ). Maximum penalty—100 penalty units. Under section 46(10), a change to a lot entitlement takes effect on the recording of a new community management statement incorporating the change. (sec.403-ssec.5) However, subsection (4) does not apply if, before the end of the 30 day period— an owner of a lot included in the scheme makes an application under section 405; and the specialist adjudicator or QCAT makes an order under section 406.

• (a) an owner of a lot included in the scheme makes an application under section 405; and
• (b) the specialist adjudicator or QCAT makes an order under section 406.