Queensland Consolidated Acts

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 384

384 Adjustment if material change since contribution schedule lot entitlements decided

(1) This section applies if an existing scheme has been affected by a material change that happened after the pre-adjustment order entitlements for the scheme were decided.

(2) The changed entitlements for the existing scheme must take account of the material change.

(3) However, any adjustments of the pre-adjustment order entitlements for the existing scheme to take account of the material change must—

(a) be consistent with the deciding principle for the pre-adjustment order entitlements, and just and equitable to the extent the deciding principle allows; or

(b) if there is no apparent deciding principle for the pre-adjustment order entitlements, be just and equitable.