Section 11
Share value not to be changed
of Land Titles (Strata) Act 1967
(1)
Except as otherwise expressly provided in this Act or the Building Maintenance and Strata Management Act 2004, the share value of any lot shown in the subsidiary strata land-register must not be altered in any manner on or after the date of registration of the strata title application comprising that lot.
(2)
The Registrar may correct any entry in the subsidiary strata land-register in respect of the share value of a lot if he or she is satisfied that there is an error in the entry.
(3)
The court may order the share value of a lot shown in the subsidiary strata land-register to be amended where the court is satisfied that the value was fraudulently assigned to the lot.
(4)
Nothing in this section prohibits the alteration of the share value of a lot consequent upon the subdivision of that lot into 2 or more lots or the amalgamation of 2 or more lots.