Land Code (Strata) Act · 2000 Revised Edition · Part VIII · Variation Plans
52. Reassessment of unit entitlements
Official textFrom Attorney General's Chambers, unchanged
Where a variation plan involves the inclusion in a unit of part of the common property or the erection of one or more units on the common property, the unit entitlements of all units that will be on the land to which the plan relates shall be reassessed by a recognised valuer who shall, subject to payment to the recognised valuer of such fee as he may fix, assign to every such unit a new unit entitlement to be fixed by him on the basis of the relative value of the unit in relation to each other unit at the date on which the reassessment is made.
unit
“unit”, in relation to any land, means a part of the land consisting of a space of any shape situated on or above the surface of the land, or below the surface of the land to the extent that any buildings or related structures occupy the subsoil, or partly in one such situation and partly in another or others, all the dimensions of which are limited, and that is designed for separate ownership;
Notwithstanding anything in subsection (1), a recognised valuer may, in his discretion, make the reassessment as at the date on which the current unit entitlements were fixed in any case where he considers that the redevelopment is of a relatively minor nature.
recognised valuer
“recognised valuer” means an appropriately qualified valuer recognised by the Commissioner;
Terms defined in s 2
common property
Defined · s 2“common property” means common property within the meaning of paragraph (c) of subsection (1) of section 8;
land
Defined · s 2“land” includes land of any tenure, any building or parts thereof, the air space above the surface, the surface of the land and such of the subsoil as is occupied by any buildings and related structures, but excludes the right to all minerals and mineral products including oil and gas;
recognised valuer
Defined · s 2“recognised valuer” means an appropriately qualified valuer recognised by the Commissioner;
unit
Defined · s 2“unit”, in relation to any land, means a part of the land consisting of a space of any shape situated on or above the surface of the land, or below the surface of the land to the extent that any buildings or related structures occupy the subsoil, or partly in one such situation and partly in another or others, all the dimensions of which are limited, and that is designed for separate ownership;
unit entitlement
Defined · s 2“unit entitlement”, in relation to any unit, means the unit entitlement assigned to that unit under subsection (1) of section 13, section 51, 52 or 60; Application of Act.
Part IX
Part X
Expiry of Strata Plan
Part XI