BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 382 Adjustment if 2 or more lots in existing scheme have been amalgamated

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 382

382 Adjustment if 2 or more lots in existing scheme have been amalgamated

(1) This section applies if 2 or more lots (the
"pre-amalgamation lots" ) in an existing scheme as it was when the pre-adjustment order entitlements for the scheme were decided comprises only 1 lot (the
"post-amalgamation lot" ) when a relevant decision is made in relation to the scheme.

(2) The changed entitlements for the existing scheme must provide for the contribution schedule lot entitlement for the post-amalgamation lot to be the total of the pre-adjustment order contribution schedule lot entitlements for the scheme attributable to the pre-amalgamation lots.