Section 52

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.

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.

Restrictions on approval.