Queensland Consolidated Regulations

BODY CORPORATE AND COMMUNITY MANAGEMENT (SMALL SCHEMES MODULE) REGULATION 2020 - REG 144

144 Register of allocations under exclusive use by-law [SM, s 229]

(1) This section applies if there is an exclusive use by-law, and, under the by-law, a person is authorised to allocate parts of the common property or body corporate assets for the purpose of the by-law.

(2) The body corporate must keep a register of allocations, including an allocation under a reallocation agreement mentioned in chapter 3 , part 5 , division 2 of the Act , made under the exclusive use by-law.

(3) The register must identify the following about each allocation—

(a) the exclusive use by-law under which the allocation was made;

(b) the common property or body corporate asset allocated;

(c) the lot in whose favour the allocation was made.