sec.417Modification for amalgamated lot

sec.417 Modification for amalgamated lot

This section applies if 2 or more lots (the pre-amalgamated lots ) included in a scheme were amalgamated into 1 lot (the amalgamated lot ) after the last adjustment order or the relevant decision was made for the scheme. If the contribution schedule lot entitlements for the lots included in the scheme are to be changed under subdivision 2 or 3, the changed entitlements must provide for the lot entitlement for the amalgamated lot to be the total of the pre-amalgamated lot entitlements. In this section— pre-amalgamated lot entitlement means the proportion of the decided entitlements or the last adjustment order entitlements that applied to a pre-amalgamated lot before it was amalgamated. s 417 ins 2013 No. 11 s 13 (sec.417-ssec.1) This section applies if 2 or more lots (the pre-amalgamated lots ) included in a scheme were amalgamated into 1 lot (the amalgamated lot ) after the last adjustment order or the relevant decision was made for the scheme. (sec.417-ssec.2) If the contribution schedule lot entitlements for the lots included in the scheme are to be changed under subdivision 2 or 3, the changed entitlements must provide for the lot entitlement for the amalgamated lot to be the total of the pre-amalgamated lot entitlements. (sec.417-ssec.3) In this section— pre-amalgamated lot entitlement means the proportion of the decided entitlements or the last adjustment order entitlements that applied to a pre-amalgamated lot before it was amalgamated.