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SUBDIVISION ACT 1988 - SECT 27D Restriction on creation of owners corporations

SUBDIVISION ACT 1988 - SECT 27D

Restriction on creation of owners corporations

    (1)     A lot must not be affected by more than one unlimited owners corporation.

    (2)     A lot must not be affected by more than one owners corporation unless—

        (a)     one of the owners corporations is an unlimited owners corporation; and

        (b)     all the other owners corporations affecting the lot are limited owners corporations.

S. 27E inserted by No. 69/2006 s. 211.