(1) An acquisition authority proposing to acquire any scheme land must, before the acquisition takes effect, notify the body corporate of the proposed acquisition.
(2) Within 3 months after receiving the notification, the body corporate must decide whether any changes should be made to the unit entitlements, having regard to:
(a) section 39(5) and (6); and
(b) any advice received by the body corporate in relation to the unit entitlements.
(3) The body corporate must, within 1 month after making the decision under subsection (2), notify the acquisition authority of the decision.
(4) The acquisition authority must:
(a) prepare a scheme statement reflecting the acquisition and the decision of the body corporate; and
(b) request the body corporate to lodge the statement.
(5) The body corporate must lodge the statement within 3 months after the request is made.
(6) The body corporate must comply with subsections (2), (3) and (5).
Fault element: Strict liability offence.
Maximum penalty: 100 penalty units.