154Definitions

#### 154 Definitions 154 Definitions > In this Part— > > ancillary order—see section 186 (1). > > collective sale of a strata scheme means a sale of the whole strata scheme. > > compensation value, in relation to a lot, means— > > > (a) the compensation to which the owner of the lot would be entitled as determined under section 55 of the [Land Acquisition (Just Terms Compensation) Act 1991](/view/html/inforce/current/act-1991-022) (subject to any modifications prescribed by the regulations), or > > > (b) if the regulations prescribe a different method of determining that value—the value of the lot determined in accordance with that method. > > court means the Land and Environment Court. > > developer means a person or group of persons proposing to carry out a redevelopment of a strata scheme in accordance with a strata renewal plan. > > dissenting owner, in relation to a strata renewal plan, means an owner of a lot in relation to which a support notice is not in effect under this Part for the plan. > > independent valuer means a qualified valuer who— > > > (a) has appropriate experience or expertise to undertake valuations for the purpose of this Part, and > > > (b) has no pecuniary or other interest that could reasonably be regarded as capable of affecting the qualified valuer’s ability to give the valuations in good faith. > > market value, in relation to a building and its site, means the value of the building and its site determined in accordance with the regulations. > > objection means an objection filed in the court in accordance with section 180. > > operational period of a strata renewal committee means the period for which the committee may, under section 166, exercise its function. > > qualified request means a qualified request under section 19 of the [Strata Schemes Management Act 2015](/view/html/inforce/current/act-2015-050). > > redevelopment of a strata scheme means a redevelopment of the whole strata scheme in a way that alters the scheme to the extent that its termination and replacement by a further strata plan is necessary. > > relevant interest—see section 154A. > > required level of support, in relation to a strata renewal plan for a strata scheme, means the support (given in support notices that are in effect under this Part) of the owner or owners of at least 75% of the lots, other than utility lots, in the scheme. > > returning officer for a strata renewal plan means a person who is appointed as the returning officer for the strata renewal plan in accordance with the regulations. > > strata renewal committee means a strata renewal committee established under section 160. > > strata renewal plan means a strata renewal plan prepared in accordance with this Part for a strata scheme. > > strata renewal proposal—see section 156 (1). > > support notice—see section 174 (1). > > **s 154:** Am 2023 No 45, Sch 1\[2\].