Regulations 2011 No.14 of 2011 Unit Title Schemes and Related Legislation Amendment Regulations
Tabled paper 1332
Tabled papers for 11th Assembly 2008 - 2012; Tabled papers; ParliamentNT
Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.
Part 2 Amendment of Unit Title Schemes (General Provisions and Transitional Matters) Regulations (2) For section 18(1 )(d) of the Act, the contribution entitlement and interest entitlement of a unit as specified in the entitlement schedules must be: (a) the same as the unit entitlement under the Unit Titles Act for the corresponding unit in the units plan or building lot in the building development plan; or (b) if a different contribution entitlement or interest entitlement has been approved by unanimous resolution of the members of the corporation - the approved entitlement. (3) In this regulation: unanimous resolution, see section 7(4) of the Unit Titles Act. 6C Effect of registration of scheme statement For section 111 (2) of the Act, if the Registrar-General registers a scheme statement lodged by the corporation of a units plan or building development plan: (a) the corporation has effect as the body corporate of the scheme; and (b) each unit to which the units plan, or building lot to which the building development plan, relates (the orig ina l unit) has effect as a unit of the scheme (the converted unity, and (c) each right or interest in the original unit existing immediately before the registration has effect as a right or interest in the converted unit; and (d) the common property to which the units plan or building development plan relates has effect as the common property of the scheme; and (e) the body corporate becomes the owner of the common property of the scheme; and (f) each right or interest in the common property existing immediately before the registration has effect as a right or interest in the common property of the scheme. Unit Title Schemes and Related Legislation Amendment Regulations 2011 4
Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.
We use temporary cookies on this site to provide functionality.
You are welcome to provide further information or feedback about this item by emailing TerritoryStories@nt.gov.au