Victorian Current Acts Victorian Current Acts(1) In addition to section 24, when a plan containing common property is registered—
(a) any common property affected by an unlimited owners corporation vests in the owners for the time being of the lots affected by the unlimited owners corporation as tenants in common in shares proportional to their lot entitlement; and
(b) subject to paragraph (c), any common property affected by a limited owners corporation vests in the owners for the time being of the lots affected by the relevant unlimited owners corporation as tenants in common in shares proportional to their lot entitlement; and
(c) any common property affected by a limited owners corporation vests in the owners for the time being of the lots affected by the limited owners corporation, if there is no unlimited owners corporation affecting those lots.
(2) In subsection (1), "relevant unlimited owners corporation" means the unlimited owners corporation affecting the lots affected by the limited owners corporation.
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substituted by No. 69/2006 s. 211.