(1)  The body corporate may make by-laws about –

(a) the administration, management and control of the common property; and

(b) the use and enjoyment of the lots and the common property.

(2)  A by-law may –

(a) adopt with or without modification the by-laws set out in Schedule 1 ; or

(b) amend or revoke a previous by-law.

(3)  The first by-laws of the body corporate are to be –

(a) the by-laws lodged with the relevant plan or scheme; or

(b) if no such by-laws are lodged with the plan or scheme, the by-laws set out in Schedule 1 .

(4)  The by-laws lodged with a plan or scheme may include exclusive use by-laws.

(5)  If the by-laws of a body corporate do not deal with a subject dealt with by the by-laws set out in Schedule 1 , the body corporate is taken to have adopted the relevant by-law in that Schedule on the subject.

(6)  The first by-laws of the body corporate come into operation on the registration of the plan or scheme.