127Functions if resumed land remains in strata scheme

127 Functions if resumed land remains in strata scheme

127 Functions if resumed land remains in strata scheme

(1) Subsection (2) applies if the whole of a lot, other than a lot in a strata plan of subdivision referred to in section 125, is resumed and the notice of resumption states that the resumed land is to remain in the strata scheme.

(2) A recording in the Register that the Registrar-General is, under section 31A (3) of the Real Property Act 1900, authorised or required to make in relation to the resumption must be made in the folio for the resumed lot.

(3) Subsection (4) applies if the whole of a lot in a strata plan of subdivision referred to in section 125 is resumed and the notice of resumption states that the resumed land is to be excluded from the strata scheme.

(4) The Registrar-General must, after making a recording in the Register under section 31A (3) of the Real Property Act 1900, in relation to the resumption—

(a) cancel the folio for the subdivided lot, and

(b) create a folio for each new lot, and

(c) amend the schedule of unit entitlement recorded in the folio for the common property in the strata scheme by recording in the folio the matters the Registrar-General considers appropriate.