In Queensland, what is the legal effect of a community titles scheme created under the Body Corporate and Community Management Act 1997?
Correct Answer
B) It creates separate lots plus common property, run by a body corporate
The BCCM Act 1997 allows land to be subdivided into individual lots (each with its own title) and common property, managed by a body corporate that all lot owners are automatically members of.
Why This Is the Correct Answer
A community titles scheme under the Body Corporate and Community Management Act 1997 (Qld) divides scheme land into lots with their own titles and common property. A body corporate, whose members are all the lot owners, manages the common property and enforces the by-laws.
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In Queensland, which legislation primarily governs the registration of interests in land?