(ii) if the application for development approval for the scheme
was made before the commencement—after the commencement.
(2) The body
corporate, by ordinary resolution without the use of proxies, may change the
contribution schedule lot entitlements of the lots included in the scheme.
(a) for a scheme mentioned in subsection
(1)(b)(i)—within 15 months after commencement of this section; or
(b) for a
scheme mentioned in subsection (1)(b)(ii)—within 15 months after the scheme
is established.
(4) The notice of the meeting at which the resolution is
proposed to be passed must state or be accompanied by a copy of independent
professional advice, obtained by the body corporate from an appropriate
person, about any changes required to the contribution schedule lot
entitlements to equitably reflect the difference in the maintenance
requirements of the standard format lots and the building format lots.
Example
of appropriate person for subsection (4)—
a lawyer or registered valuer
(5) The body corporate may exercise the power under subsection (2) only once.
(6) The changed lot entitlements—
(a) must equitably reflect the difference
in the maintenance requirements of the standard format lots and the building
format lots; and
(b) unless the body corporate, by ordinary resolution,
decides otherwise, apply only for contributions levied after the resolution is
passed.