COMMUNITY LAND MANAGEMENT ACT 1989 - SECT 6
Precinct association
COMMUNITY LAND MANAGEMENT ACT 1989 - SECT 6
Precinct association
(1) The corporation that-- (a) is constituted under the Community Land
Development Act 1989 by the registration of a precinct plan as a
deposited plan, and
(b) has for its corporate name "Precinct Association D.P.
No" (the number inserted being that of the deposited plan),
is a
precinct association for the purposes of this or any other Act.
(2) The
corporation has for its members-- (a) the proprietor of each
precinct development lot in the precinct plan that has not become subject to a
subsidiary scheme, and
(b) the neighbourhood association constituted if such
a development lot becomes subject to a neighbourhood scheme, and
(c) the
strata corporation constituted if such a development lot becomes subject to a
strata scheme.
(3) Section 50 (1) (d) of the Interpretation Act 1987 does
not apply to a precinct association.
(4) A precinct association is declared
to be an excluded matter for the purposes of section 5F of the
Corporations Act 2001 of the Commonwealth in relation to the whole of the
Corporations legislation. Note : This subsection ensures that neither the
Corporations Act 2001 nor Part 3 of the
Australian Securities and Investments Commission Act 2001 of the Commonwealth
will apply in relation to a precinct association. Section 5F of the
Corporations Act 2001 of the Commonwealth provides that if a State law
declares a matter to be an excluded matter in relation to those Acts, then the
provisions of those Acts will not apply in relation to that matter in the
State concerned.
(5) A precinct association has the functions conferred or
imposed on it by Schedule 1, by other provisions of this Act and by any other
Act.