STSM Act definition

STSM Act means the Sectional Title Scheme Management Act, No. 8 of 2011;
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STSM Act refers to the Sectional Titles Schemes Management Act, Act No. 8 of 2011, as may be amended from time to time.
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STSM Act means the Sectional Title Schemes Management Act No.8 of 2011 and all regulations made in terms thereof as amended or replaced from time to time;
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Examples of STSM Act in a sentence

  • Section 10(3) of the STSM Act sets the requirement that the management or conduct rules “must be reasonable and apply equally to all owners of units.” There needs to be a rational basis for the rule, and the application of the rule should be based on what is appropriate and fair in the circumstances of the scheme and for the members of the body corporate.

  • The current public liability insurance of the complex is more than R10 million, same being the minimum requirement as per Rule 23 (6) of the STSM Act.

  • An example is the SectionalTitle Schemes Management (STSM) Act 8 of 2011, which was gazetted and signed by the President in June 2011, as discussed in section 1.2 of Chapter 1.

  • Section 10(1) of the STSM Act states that a scheme must as from the date of the establishment of the body corporate be regulated and managed, subject to the provisions of the STSM Act, by means of rules.

  • PMR 25(4) states thar a member is liable for and must pay to the body corporate all reasonable legal costs and disbursements, as taxed or agreed by the member, incurred by the body corporate in the collection of arrear contributions or any other arrear amounts due and owing by such member to the body corporate, or in enforcing compliance with these rules, the conduct rules or the STSM Act.

  • In this matter, the very least that would have to be established is a provision of the STSM Act, a rule of the body corporate, or a term in an agreement that authorises the relief Lion Ridge now claims.

  • Section 1 of the STSM Act defines the rules to mean the management rules and conduct rules referred to in section 10(2)(a) and (b) of the STSM Act, respectively.

  • Nature of rules Regulation 6(1) made under the STSM Act states that rules, as prescribed and as amended by a body corporate in accordance with section 10 of the STSM Act, must be considered to be and interpreted as laws made by and for the body corporate of that scheme.

  • The interpretation of the word “regulation” used in section 10(2) of the STSM Act must not be extended to incorporate the concept of “prohibition” or to imply that rules can take away sectional owner’s existing rights.

  • The executive managing agent is subject to all the duties and obligations of a trustee in terms of the STSM Act and the rules of the scheme.


More Definitions of STSM Act

STSM Act means the Sectional Title Schemes Management Act No 8 of 2011; 2.1.34 "Short Term Maintenance" means the day-to-day upkeep and preventative maintenance (including inspection) and repair consisting of yearly services which will benefit the Lessee; 2.1.35 "Signature Date" means the date of signature of this Agreement by the party last signing; 2.1.36 "Sole Permitted Use" means the use of the Premises for the purpose of the conduct of the Lessee's business of the provision of designers, engineers, manufacturers, installers and distributors of electronic hardware/software products for the automotive industry (products and services comprise principally of, but not restricted to, vehicle electronics, vehicle and fleet management/telematics systems, matrix tracking systems), importers, exporters, property owners and all related activities; 2.1.37 "Statement 102" means Statement 102: Recognition of Sale of Assets, Equity Instruments and Business, as contemplated in the Codes; 2.1.38 "TPF Investments" means TPF Investments Proprietary Limited (previously known as Thynx Industrial One Proprietary Limited), registration number 2005/029033/07, a limited liability private company duly incorporated in the Republic of South Africa; 2.1.39 "Transfer Date" means the date of registration of transfer of the Property into the name of the Lessor; 2.1.40 "VAT" means Value-Added Tax charged in terms of the provisions of the VAT Act; and 2.1.41 "VAT Act" means the Value Added Tax Act 89 of 1991.
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STSM Act means the Sectional Titles Scheme Management Act No. 8 of 2011, as amended, or any
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Related to STSM Act

  • FW Act means the Fair Work Act 2009, as amended from time to time.

  • POPI Act means the Protection of Personal Information Act, 4 of 2013;

  • FOI Act means the Freedom of Information Act 2000 and any subordinate legislation made under that Act or any code issued pursuant to sections 45 or 46 of that Act or any guidance issued by the Information Commissioner;

  • the 2002 Act means the Nationality, Immigration and Asylum Act 2002;

  • 2012 Act means the Health and Social Care Act 2012;

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • EP Act means the Environmental Protection Xxx 0000;

  • the 1989 Act means the Local Government and Housing Act 1989;

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • the 1991 Act means the Water Industry Act 1991(a);

  • the 1961 Act means the Land Compensation Act 1961(d); “the 1965 Act” means the Compulsory Purchase Act 1965(e); “the 1980 Act” means the Highways Act 1980(f);

  • the 1992 Act means the Local Government Finance Act 1992;

  • FMC Act means the Financial Markets Conduct Act 2013.

  • the 2000 Act means the Local Government Act 2000;

  • the 2009 Act means the Marine and Coastal Access Act 2009;

  • 1990 Act means the Town and Country Planning Act 1990;

  • ECT Act means the Electronic Communications and Transaction Act No 25 of 2002, as amended;

  • the 1998 Act (“Deddf 1998”) means the Teaching and Higher Education Act 1998;

  • the 1988 Act means the Local Government Finance Act 1988.

  • Data Protection Act means Act CXII of 2011 on Informational Self-Determination and Freedom of Information.

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • IT Act means the Income Tax Act, 1961;

  • Air Act, as used in this clause, means the Clean Air Act (42 U.S.C. 7401 et seq.).

  • the 2008 Act means the Planning Act 2008;

  • Fair Labor Standards Act means the Fair Labor Standards Act, 29 U.S.C. §201 et seq.