BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 399
Incomplete adjustment matter ceases to have effect
BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 399
Incomplete adjustment matter ceases to have effect
399 Incomplete adjustment matter ceases to have effect
(1) On the commencement, an incomplete adjustment matter ceases to have
effect.
(2) Without limiting subsection (1)—
(a) an incomplete adjustment
matter is taken never to have been made; and
(b) no further action may be
taken in relation to an incomplete adjustment matter.
Example for subsection
(2)—
Before the commencement, a body corporate for a scheme has made a
decision under section 387(2) to adjust the contribution schedule lot
entitlements for the scheme to reflect the pre-adjustment order entitlements.
However, immediately before the commencement, the body corporate had not
lodged a request to record a new community management statement incorporating
the change. On the commencement, the body corporate’s decision ceases to
have effect and the body corporate can not lodge a request to record a new
community management statement incorporating the change.
