Queensland Consolidated Acts

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 17

A community titles scheme is a lease-back scheme if--

(a) the scheme is a basic scheme; and

(b) lots included in the scheme are the subject of registered or registrable leases to a person (the lease-back scheme operator); and

(c) the lease-back scheme operator is the owner for each lot included in the scheme other than the lots mentioned in paragraph (b).