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BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 26 Changing structure of scheme

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 26

Changing structure of scheme

26 Changing structure of scheme

(1) A layered arrangement of community titles schemes is established if a lot included in a basic scheme is subdivided to create a new community titles scheme.
(2) A layered arrangement of community titles schemes may be changed by the progressive subdivision of lots to create subsidiary schemes.
Note—
Schedule 1 , part 5 gives an example of progressive subdivision to create subsidiary schemes.