(1) The Lake Bennett units plan is the units plan of created section 1252 that is prepared for this Act and identified as such by certificate of the Registrar-General.
(2) The units plan creates –
(a) a lot (a "new unit") for each existing unit;
(b) a lot for the development area; and
(c) common property.
(3) The units plan must include a schedule of unit entitlements certified by a valuer.