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South Bank Corporation (Modified Building Units and Group Titles) Regulation 2026
sec.30Grounds for application for exemption—modified Act, s 41
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sec.30 Grounds for application for exemption—modified Act, s 41
For section 41 (2) of the modified Act, each of the following grounds are prescribed— a lessee who was a permanent resident has transferred the lease of the lot to a non-resident lessee who does not oppose the application; a lessee who is a permanent resident is the owner of more than 1 lot in a leasehold building units plan; a lessee is a corporation; all non-resident lessees have notified the body corporate in writing that they do not oppose the application. (amended)
- (a) a lessee who was a permanent resident has transferred the lease of the lot to a non-resident lessee who does not oppose the application;
- (b) a lessee who is a permanent resident is the owner of more than 1 lot in a leasehold building units plan;
- (c) a lessee is a corporation;
- (d) all non-resident lessees have notified the body corporate in writing that they do not oppose the application.