Queensland Consolidated Acts

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 17

17 Meaning of lease-back scheme and lease-back scheme operator

A community titles scheme is a
"lease-back scheme" if—

(a) the scheme is a basic scheme; and

(b) lots included in the scheme are the subject of registered or registrable leases to a person (the
"lease-back scheme operator" ); and

(c) the lease-back scheme operator is the owner for each lot included in the scheme other than the lots mentioned in paragraph (b) .