20Acquisition of land

20 Acquisition of land

(1)  If authorised by unanimous resolution, a body corporate may acquire land in fee simple to incorporate it in the site.

(2)  If the land is not already under the provisions of the Land Titles Act 1980 , the transaction for the acquisition of the land is not to be completed until the land has been brought under those provisions.

(3)  A dealing to give effect to the acquisition of title to land by the body corporate under this section may be registered only if accompanied by –

(a) the dealing to give effect to the transfer; and

(b) a copy of the resolution authorising the acquisition of the land certified under the body corporate's common seal; and

(c) an application for amendment to the plan in accordance with this Division incorporating the land in the site.

(4)  On registration of the amendment the land merges with the site to form common property or common property and lots in accordance with the amendment to the plan.