New South Wales Consolidated Acts

COMMUNITY LAND MANAGEMENT ACT 2021 - SECT 127

127 Binding effect of management statement

(1) A management statement for a scheme applies to the scheme and each subsidiary scheme and is binding on--

(a) the association for the scheme, and

(b) each subsidiary body for the scheme, and

(c) each person who is the owner, lessee or occupier, or the mortgagee or covenant chargee in possession, of a development lot, neighbourhood lot or strata lot within the scheme or a subsidiary scheme.

(2) A management statement has effect as if--

(a) it includes mutual covenants by each person on whom it is binding to observe and perform its provisions, and

(b) the persons so bound had signed and sealed the management statement.