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BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 338
Community management statement recorded for 1980 Act plan when plan registered
(1) Despite section 337(1) to (4), when a future 1980 Act plan is lodged for
registration, a community management statement (a
"first statement" ) may be lodged for recording as the
community management statement for the new scheme to be established on
registration of the future 1980 Act plan.
(2) If, when the registrar
registers a future 1980 Act plan, the registrar records a first statement, the
first statement is taken to have effect immediately the new scheme is
established, and the new scheme does not have an interim statement.
(3)
However, despite anything in the first statement, the regulation module
applying to the scheme is, until a subsequent community management statement
is recorded for the scheme and identifies a different regulation module as the
regulation module applying to the scheme, the regulation module that applies
to a community titles scheme if no other regulation module applies to it.
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