New South Wales Repealed Regulations

This legislation has been repealed.

COMMUNITY LAND DEVELOPMENT REGULATION 2000 - REG 9

9 Schedule of unit entitlements

(1) The schedule of unit entitlements sheet must be clearly labelled “INITIAL SCHEDULE OF UNIT ENTITLEMENTS” or “REVISED SCHEDULE OF UNIT ENTITLEMENTS”, as the case requires, at the top centre of the sheet.

(2) The schedule must contain 3 columns as follows:

(a) the first column, headed “LOT”, must list in numerical order the lots in the plan,

(b) the second column, headed “UNIT ENTITLEMENT”, must contain:

(i) for each lot shown in the first column (other than the association property lot or any lot to be dedicated or set aside as a public reserve or drainage reserve), the value of the unit entitlement (shown as a whole number), and

(ii) for the association property lot, the words “COMMUNITY PROPERTY”, “PRECINCT PROPERTY” or “NEIGHBOURHOOD PROPERTY”, as the case requires, and

(iii) for any lot to be dedicated as a public reserve or drainage reserve, the words “PUBLIC RESERVE” or “DRAINAGE RESERVE”, as the case requires,

(c) the third column, headed “SUBDIVISION”, must record details of subdivisions of the relevant lots as they occur.

(3) At the end of the schedule, the first column must contain the word “TOTAL” and the second column the total value of all the unit entitlements of the individual lots.

(4) The schedule must include:

(a) a warning statement in the approved form, and

(b) in relation to a community plan or a precinct plan, a certificate (in the approved form) of a registered valuer as referred to in clause 2 (b) of Schedule 11 to the Act, except where the certificate is provided on a signatures form that complies with the requirements set out in Schedule 3B to the Conveyancing (General) Regulation 1998 .

(5) This clause applies to any replacement sheets for a schedule of unit entitlements in the same way as it applies to the original sheets, with the further requirement that any replacement sheet must contain an update note, in the approved form.

Note: The provisions of this clause apply in addition to the provisions of Schedule 11 to the Act, which contains provisions concerning initial unit entitlements.