New South Wales Consolidated Acts

COMMUNITY LAND MANAGEMENT ACT 2021 - SECT 194

194 Order replacing schedule of unit entitlements

(1) The Tribunal may, on application, make an order that the schedule of unit entitlements for a community scheme, precinct scheme or neighbourhood scheme be replaced by a schedule based on revaluations made by a qualified valuer if the Tribunal considers that--

(a) the initial schedule is based on unreasonable valuations, or

(b) the schedule should be reviewed or replaced.

(2) The Tribunal may, on application, make an order that the schedule of unit entitlements for a neighbourhood scheme be replaced by a schedule based on valuations made by a different qualified valuer if the Tribunal considers that the developer's or subdivider's estimate of proportionate values for a neighbourhood scheme is inaccurate.

(3) An application for an order under this section may be made by any of the following--

(a) an association or a strata corporation within the scheme,

(b) the owner of a development lot, a neighbourhood lot or a strata lot within the scheme.

(4) In this section--

"qualified valuer" has the same meaning as in the Community Land Development Act 2021 .