An Act to create freehold strata schemes and leasehold strata schemes; to provide for dealings with lots and common property in the schemes and for varying, terminating and renewing the schemes; and to repeal the Strata Schemes (Freehold Development) Act 1973 and the Strata Schemes (Leasehold Development) Act 1986.
This Act is the Strata Schemes Development Act 2015.
This Act commences on a day or days to be appointed by proclamation.
The main objects of this Act are to provide for—
(a) the subdivision of land, including buildings, into cubic spaces to create freehold strata schemes and leasehold strata schemes, and
(b) the way in which lots and common property in strata schemes may be dealt with, and
(c) the variation, termination and renewal of strata schemes.
In this Act—
(a) the cubic space occupied by a vertical structural member of a building, other than a wall, or
(b) the pipes, wires, cables or ducts that are not for the exclusive benefit of one lot and are—
(i) in a building in relation to which a plan for registration as a strata plan was lodged with the Registrar-General before 1 March 1986, or
(ii) otherwise—in a building or in a part of a parcel that is not a building, or
(c) the cubic space enclosed by a structure enclosing pipes, wires, cables or ducts referred to in paragraph (b).