Schedule of unit entitlements

A replacement schedule of unit entitlements must be provided on the administration sheets of the plan.

Where the whole or part of a lot is dedicated as public road or public reserve by a community, precinct or neighbourhood plan of subdivision it is effectively removed from the scheme. The unit entitlement for the scheme must be readjusted. Sch.11 cl.7 Community Land Development Act 1989 sets out the method of readjustment.

The total unit entitlement for a scheme is to be reduced by the unit entitlement of a whole lot dedicated or, where only part of a lot is dedicated, by the unit entitlement attributable to that part of the lot dedicated. Where the scheme is a community or precinct the readjustment of unit entitlements is to be certified by a qualified valuer see - sch.11 cl.4(c) Community Land Development Act 1989. The developers estimate is sufficient for a neighbourhood plan see - sch.11 cl.5(c) Community Land Development Act 1989.

Whole of a lot

Where the whole of a lot is dedicated the schedule will include the new lot number allocated to the road or reserve. Instead of showing a unit entitlement the schedule will indicate that the lot is Road, Public Reserve or Drainage Reserve as appropriate. The aggregate should be reduced by the value of the dedicated lot.

Part of a lot

Where part of a lot is dedicated as reserve it will be allocated a new lot number. Where part of a lot is to be dedicated as road it will not be allocated a lot number. The schedule will include the new lot number allocated to the reserve. Instead of showing a unit entitlement for the new lot the schedule will indicate that it is Road, Public Reserve or Drainage Reserve as appropriate. The residue lot (after the dedication) should indicate its unit entitlements as appropriate. The schedule should make no reference to land dedicated as road. The aggregate should be reduced by the value of the dedicated land.

Part of neighbourhood property

Where part of the association property is dedicated as reserve it will be allocated a new lot number. Instead of showing a unit entitlement for the new lot the schedule will indicate that it is Public Reserve or Drainage Reserve as appropriate. If part of the association property is dedicated as road it will not be allocated a lot number and a replacement schedule will not be required.