Victorian Consolidated Legislation

Subdivision Act 1988 - SECT 33

How can lot entitlement and liability be altered?

33. How can lot entitlement and liability be altered?



(1) If there is a unanimous resolution of the members, the owners corporation
may apply to the Registrar in the prescribed form to alter the lot entitlement
or lot liability.

(2) In making any change to the lot entitlement, the owners corporation must
have regard to the value of the lot and the proportion that value bears to the
total value of the lots affected by the owners corporation.

(3) In making any change to the lot liability, the owners corporation must
consider the amount that it would be just and equitable for the owner of the
lot to contribute towards the administrative and general expenses of the
owners corporation.