New South Wales Consolidated Acts

STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 123

123 Power to adjust unit entitlements

(1) If a whole number is obtained by dividing by a whole number the unit entitlements of the lots and proposed lots shown on a proposed schedule of unit entitlement for a strata scheme that accompanies a plan lodged for registration, or on a revised schedule of unit entitlement lodged under section 90, the Registrar-General may, in registering the plan, record in the folio for the common property--

(a) as the unit entitlement of each lot, the whole number obtained in relation to the lot, and

(b) as the aggregate unit entitlement, the appropriate aggregate unit entitlement.

(2) If a whole number is obtained by dividing by a whole number the unit entitlement of each lot in a strata scheme, the Registrar-General may amend the schedule of unit entitlement recorded in the folio for the common property--

(a) by substituting for the unit entitlement of each lot a unit entitlement equal to the whole number obtained in relation to the lot, and

(b) by substituting for the aggregate unit entitlement the appropriate aggregate unit entitlement.

(3) The Registrar-General must, on making a recording or amendment under this section, give the owners corporation of the strata scheme written notice of the unit entitlements and aggregate unit entitlement recorded.