STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 6 Meaning of "large strata scheme"

STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 6

Meaning of " large  strata scheme"

6 Meaning of " large  strata scheme"

(1) In this Act,
" large  strata scheme" means a strata scheme comprising more than 100 lots or another number of lots prescribed by the regulations for the purposes of this section.

(2) When calculating the number of lots in a strata scheme for the purposes of this section, utility lots and lots used for the purposes of parking are not to be included in the calculation.

(3) The regulations may contain provisions of a savings or transitional nature consequent on a change in the kinds of schemes that are  large strata schemes .