As you may know, contribution schedule lot entitlements are used to work out each lot owner’s share of most expenses incurred by their body corporate in operating a community titles scheme.
containing a summary of QUT’s recommendations and answering frequently asked questions.
QUT has recommended that a new system for dividing costs in community titles schemes be adopted and that the current approach of dividing costs on the basis of contribution schedule lot entitlements be discontinued.
The consultation is now open on Property Law Review on Lot Entitlements.
You can download the relevant documents here:
Please see the community consultations page of the Department of Justice and Attorney-General website here for more information.
You can send submissions on QUT’s recommendations to:
C/- Office of Regulatory Policy
Department of Justice and Attorney-General
GPO Box 3111
Brisbane QLD 4001.
The time for submissions closes on 23 December 2016.