New South Wales Consolidated Acts

STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 73

73 Explanation of staged development

(1) The proposed development in stages of a parcel subject to a strata scheme consists of--

(a) the progressive improvement of the parcel by the construction of buildings or the carrying out of works on development lots, and

(b) the subsequent subdivision of each development lot and the consequential adjustment of the unit entitlement of lots in the scheme.

(2) A development lot may be situated wholly or partly above, below or alongside the building to which the strata scheme initially relates, but must be identified as a development lot in the strata plan for the scheme when the plan is registered or in a strata plan of subdivision of a development lot.

(3) The development is carried out subject to a strata development contract that describes separately--

(a) any proposed development that the developer for the development lot warrants will be carried out and may be compelled to carry out (
"warranted development" ), and

(b) any other proposed development that the developer will be authorised but cannot be compelled to carry out (
"authorised proposals" ).

(4) Warranted development and authorised proposals are referred to as
"permitted development" because the owners corporation of the strata scheme and other persons having estates or interests in lots included in the parcel must allow it to be carried out in accordance with the strata development contract.