New South Wales Consolidated Acts

STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 153

153 Application and purpose of Part

(1) This Part applies to freehold strata schemes other than the following schemes--

(a) a scheme relating to a parcel that is the subject of a development contract,

(b) a scheme in which one or more of the lots in the scheme are, or form part of, a retirement village within the meaning of the Retirement Villages Act 1999 .

(2) The purpose of this Part is to facilitate the collective sale or redevelopment of freehold strata schemes in accordance with the process set out in this Part.