Australian Capital Territory Current Acts Australian Capital Territory Current Acts(1) An owners corporation may apply to the territory planning authority for authority (a unit entitlement authority ) for the amendment of the schedule of unit entitlement.
Note 1 A fee may be determined under s 179 for this section.
Note 2 If a form is approved under s 180 for an application, the form must be used.
(2) The territory planning authority may, by written notice to the owners corporation, grant a unit entitlement authority if satisfied on reasonable grounds that—
(a) the application is authorised by a special resolution of the owners corporation made within 3 months before the day the application is made; and
(b) the amendment is necessary to reflect accurately the current relative improved values of the units, or a change in those values that is anticipated after a particular event happens.
(3) The territory planning authority may grant a unit entitlement authority subject to the condition that it is to take effect only when a stated event happens.
(4) If the owners corporation applies for a unit entitlement authority that is to remain in force for longer than 3 months, the territory planning authority may, in authorising the unit entitlement amendment, if satisfied that an extended period is justified—
(a) allow the extended period applied for; or
(b) allow a shorter extended period.