Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies if a constructing authority advises the body corporate for a community titles scheme that it proposes to lodge--
(a) a new plan of subdivision for the scheme as required under the Acquisition of Land Act 1967, section 12A; and
(b) a request to record a new community management statement for the scheme as required under section 56(1).
(2) Within 3 months after receiving the constructing authority's advice and before consenting to the new community management statement, the body corporate must--
(a) obtain, from an appropriate person, independent professional advice (the lot entitlement adjustment advice) about any just and equitable changes required to the lot entitlement schedules for the scheme to take account of the boundary change shown in the new plan of subdivision; and
Example of appropriate person for paragraph (a)--
a lawyer or registered valuer
(b) call a general meeting of its members to decide any changes to the lot entitlement schedules to take account of the boundary change.
(3) The notice of the meeting must state or be accompanied by a copy of the lot entitlement adjustment advice.
(4) Within 30 days after the meeting is held, the body corporate must give the constructing authority written notice of the body corporate's decision made under this section about any changes to the lot entitlement schedules.
(5) The constructing authority is responsible for the costs of obtaining the lot entitlement adjustment advice.