Clause 4

Where planning permission has been granted on or after the date of the commencement of the Land Titles (Strata) (Amendment) Act, 1975 by the relevant authority in respect of proposed development of land intended for strata subdivision (after the completion of any building thereon) the registered proprietor thereof shall file with the Commissioner and the Registrar, within thirty days of the date of issue of the approved building plan for the development of the land by the relevant authority, a copy of a schedule of strata units showing the proposed share value to be allotted to each building or buildings to be erected on the said land.(2) Where a schedule of strata units has been filed in accordance with the provisions of subsection (1) of this section the Commissioner may, after consultation with the Registrar, the competent authority and the Controller of Housing, approve the schedule or make such amendments thereto as he deems fit at any time within the period of six weeks from the date of filing of the schedule and upon giving such approval or making such amendments the Commissioner shall notify the registered proprietor accordingly.(3) Every contract for sale relating to a building, subdivided building or flat shown in the schedule of strata units filed with and approved or amended by the Commissioner and the Registrar pursuant to subsection (1) of this section shall be deemed to have included therein a term that the proposed share value shown in the schedule of strata units to be allotted to the building, subdivided building or flat sold shall not be varied except as agreed upon by the purchaser or purchasers affected by any proposed variation and any such variation of share value shall be filed with the Commissioner and the Registrar within fourteen days of the date of such variation.(4) Any registered proprietor who fails to comply with the provisions of subsection (1) or (3) of this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding five thousand dollars and to a further fine of one hundred dollars for each day after the first day during which the offence is continued after conviction.”.