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  • Consultation Paper No 6 of 2015

    NYDOCS03/992801.16

    Annex B

    STRATA TITLE REGULATIONS [•]

  • GLOBAL MARKET STRATA TITLE REGULATIONS

    NYDOCS03/992801.16 i

    CONTENTS

    Section Page

    PART 1 – STRATA SCHEMES .................................................................................................. 1

    1. Division of real property by strata plan ...............................................................................1

    2. Requirements for strata plan ................................................................................................1

    3. Lodgment and registration of plan .......................................................................................3

    4. Mortgages ............................................................................................................................4

    5. Effect of registration ............................................................................................................4

    6. Common property ................................................................................................................5

    7. Limited common property ...................................................................................................5

    8. Ownership of common property ..........................................................................................6

    9. Rights and responsibilities for common property ................................................................6

    10. Disposal of interest in common property .............................................................................6

    11. Statutory easements .............................................................................................................8

    12. Creation by body corporate of easements and covenants ....................................................9

    13. Commencement of easements and covenants ......................................................................9

    14. Unit entitlements ..................................................................................................................9

    15. Change of unit entitlements ...............................................................................................10

    16. Amendment of plan............................................................................................................11

    17. Application for amendment ...............................................................................................11

    18. Acquisition of real property by body corporate .................................................................12

    19. Divesting of real property designated for public purposes ................................................12

    20. Consolidation of plans .......................................................................................................13

    21. Application for consolidation ............................................................................................13

    22. How consolidation is effected ............................................................................................14

    23. Effect of consolidation .......................................................................................................14

    24. Termination by resolution of body corporate ....................................................................14

    25. Termination by Court .........................................................................................................15

    26. Registrar’s termination of plan on application of body corporate .....................................15

    27. Termination of plan following order of Court ...................................................................15

    28. Effect of termination ..........................................................................................................16

    29. Registration of termination ................................................................................................16

  • GLOBAL MARKET STRATA TITLE REGULATIONS

    NYDOCS03/992801.16 ii

    30. Reinstatement of buildings ................................................................................................16

    31. Apportionment of statutory charge ....................................................................................17

    PART 2 – STAGED DEVELOPMENT SCHEMES ............................................................... 18

    32. Staged development schemes ............................................................................................18

    33. Form and contents of scheme ............................................................................................18

    34. Application for planning approval .....................................................................................19

    35. Approval of scheme in principle ........................................................................................20

    36. Lodgment of staged development scheme .........................................................................20

    37. Commencement of scheme ................................................................................................20

    38. Development rights ............................................................................................................21

    39. Progressive development ...................................................................................................21

    40. Application for variation of scheme ..................................................................................21

    41. Registration of variation ....................................................................................................22

    42. Variation of scheme by Court ............................................................................................23

    43. Court order .........................................................................................................................24

    44. Implied term in contract for sale of lot or proposed lot in staged development scheme ...24

    45. Acquisition of real property subject to registered scheme .................................................24

    PART 3 – SUBDIVISIONS ........................................................................................................ 26

    46. Subdivision approval before dealing with part of lot .........................................................26

    47. Subdivision of buildings ....................................................................................................26

    PART 4 – BODIES CORPORATE ........................................................................................... 28

    48. Establishment, regulation and register of bodies corporate ...............................................28

    49. Division and merger of bodies corporate ...........................................................................28

    50. Common seal .....................................................................................................................29

    51. Membership of body corporate ..........................................................................................30

    52. General meetings of body corporate, including first annual general meeting ...................30

    53. Strata developer control of body corporate ........................................................................31

    54. Voting at general meeting ..................................................................................................32

    55. Voting on behalf of persons under disability .....................................................................32

    56. Committee of management ................................................................................................32

    57. Fiduciary duty of committee members ..............................................................................33

    58. Appointment of manager ...................................................................................................33

  • GLOBAL MARKET STRATA TITLE REGULATIONS

    NYDOCS03/992801.16 iii

    59. Functions of body corporate ..............................................................................................34

    60. Certificates by body corporate ...........................................................................................35

    61. Administrative fund ...........................................................................................................36

    62. Lot Assessments.................................................................................................................36

    63. Limitations on Lot Assessments: .......................................................................................37

    64. Proceedings on behalf of owners .......................................................................................38

    65. Subrogation of contractual rights .......................................................................................38

    66. Roll to be kept by body corporate ......................................................................................38

    67. Postbox and noticeboard ........................................................

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