sec.51CLimited adjustment of lot entitlement schedule—after amalgamation of lots

sec.51C Limited adjustment of lot entitlement schedule—after amalgamation of lots

This section applies if 2 or more lots in a community titles scheme (the pre-amalgamation lots ) are amalgamated into 1 lot (the post-amalgamation lot ). The lot entitlement for the post-amalgamation lot is the total of the lot entitlements for the pre-amalgamation lots. The owner of the post-amalgamation lot must give the body corporate written notice of the lot entitlement for the post-amalgamation lot. If the body corporate is given written notice under subsection (3) , the body corporate must, as quickly as practicable, lodge a request to record a new community management statement incorporating the change. Maximum penalty—100 penalty units. The new community management statement must be prepared and recorded at the expense of the owners of the pre-amalgamation lots. s 51C ins 2011 No. 9 s 12 (sec.51C-ssec.1) This section applies if 2 or more lots in a community titles scheme (the pre-amalgamation lots ) are amalgamated into 1 lot (the post-amalgamation lot ). (sec.51C-ssec.2) The lot entitlement for the post-amalgamation lot is the total of the lot entitlements for the pre-amalgamation lots. (sec.51C-ssec.3) The owner of the post-amalgamation lot must give the body corporate written notice of the lot entitlement for the post-amalgamation lot. (sec.51C-ssec.4) If the body corporate is given written notice under subsection (3) , the body corporate must, as quickly as practicable, lodge a request to record a new community management statement incorporating the change. Maximum penalty—100 penalty units. (sec.51C-ssec.5) The new community management statement must be prepared and recorded at the expense of the owners of the pre-amalgamation lots.