sec.22Schedule of revised value proportions

sec.22 Schedule of revised value proportions

This section applies to the registrar of titles when recording the 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 by the stratum plan of subdivision with the schedule of revised value proportions for the stratum lots intended to be created by the stratum plan of subdivision. Also, a schedule of revised value proportions must be in the approved form. In this section— schedule of current value proportions , for stratum lots in a stratum plan, means the particulars— included in the management statement for the stratum lots; and showing the apportionment of the value of the land comprised in the stratum plan for each stratum lot in the stratum plan. schedule of revised value proportions means the schedule mentioned in section 42 (7) of the Act . (sec.22-ssec.1) This section applies to the registrar of titles when recording the schedule of revised value proportions accompanying a stratum plan of subdivision. (sec.22-ssec.2) The registrar must replace the schedule of current value proportions for the stratum lots being subdivided by the stratum plan of subdivision with the schedule of revised value proportions for the stratum lots intended to be created by the stratum plan of subdivision. (sec.22-ssec.3) Also, a schedule of revised value proportions must be in the approved form. (sec.22-ssec.4) In this section— schedule of current value proportions , for stratum lots in a stratum plan, means the particulars— included in the management statement for the stratum lots; and showing the apportionment of the value of the land comprised in the stratum plan for each stratum lot in the stratum plan. schedule of revised value proportions means the schedule mentioned in section 42 (7) of the Act .

• (a) included in the management statement for the stratum lots; and
• (b) showing the apportionment of the value of the land comprised in the stratum plan for each stratum lot in the stratum plan.