BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 323 Regulation-making power—lease-back scheme

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 323

323 Regulation-making power—lease-back scheme

The regulation module applying to a lease-back scheme may provide for—

(a) the assignment of the powers and functions of the owners of lots included in the scheme to the lease-back scheme operator; or

(b) the extent to which the powers and functions of the owners of lots included in the scheme may be assumed by the lease-back scheme operator.