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South Bank Corporation Regulation 2014
sec.24Replacement of schedule of current value proportions
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### sec.24 Replacement of schedule of current value proportions
This section applies to the registrar of titles when registering a schedule of revised value proportions accompanying a stratum plan of subdivision.
The registrar must replace the schedule of current value proportions for the stratum lots being subdivided with the schedule of revised value proportions for the stratum lots intended to be created.
In this section—
schedule of current value proportions , for stratum lots in a stratum plan, means the particulars—
in the management statement for the stratum plan; and
showing the apportionment of the value of the land comprised in the stratum plan among the stratum lots in the stratum plan.
s 24 amd 2021 Act No. 12 s 148 sch 3
(sec.24-ssec.1) This section applies to the registrar of titles when registering a schedule of revised value proportions accompanying a stratum plan of subdivision.
(sec.24-ssec.2) The registrar must replace the schedule of current value proportions for the stratum lots being subdivided with the schedule of revised value proportions for the stratum lots intended to be created.
(sec.24-ssec.3) In this section— schedule of current value proportions , for stratum lots in a stratum plan, means the particulars— in the management statement for the stratum plan; and showing the apportionment of the value of the land comprised in the stratum plan among the stratum lots in the stratum plan.
- (a) in the management statement for the stratum plan; and
- (b) showing the apportionment of the value of the land comprised in the stratum plan among the stratum lots in the stratum plan.