COMMUNITY LAND DEVELOPMENT ACT 1989 - SECT 32
Shares in association property
COMMUNITY LAND DEVELOPMENT ACT 1989 - SECT 32
Shares in association property
(1) The share of the proprietor of a community development lot in the
community property is a proportionate share the same as the proportion that is
borne to the total unit entitlement under the community scheme by the unit
entitlement for the community development lot.
(2) The share of a
subsidiary body in community property is a proportionate share the same as the
proportion that is borne to the total unit entitlement under the
community scheme by the unit entitlement for the former
community development lot that is subject to the subsidiary scheme.
(3) The
share of the proprietor of a precinct development lot in the precinct property
is a proportionate share the same as the proportion that is borne to the total
unit entitlement under the precinct scheme by the unit entitlement for the
precinct development lot.
(4) The share of a subsidiary body in
precinct property is a proportionate share the same as the proportion that is
borne to the total unit entitlement under the precinct scheme by the unit
entitlement for the former precinct development lot that is subject to the
subsidiary scheme.
(5) The share of the proprietor of a neighbourhood lot in
neighbourhood property is a proportionate share the same as the proportion
that is borne to the total unit entitlement under the neighbourhood scheme by
the unit entitlement for the neighbourhood lot.
