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Strata Schemes Management Act 2015
6Meaning of “large strata scheme”
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6 Meaning of “large strata scheme”
6 Meaning of “large strata scheme”
(1) In this Act, large strata scheme means a strata scheme comprising more than 100 lots or another number of lots prescribed by the regulations for the purposes of this section.
(2) When calculating the number of lots in a strata scheme for the purposes of this section, utility lots and lots used for the purposes of parking are not to be included in the calculation.
(3) The regulations may contain provisions of a savings or transitional nature consequent on a change in the kinds of schemes that are large strata schemes.