Queensland Subordinate Legislation as Made Queensland Subordinate Legislation as Made(1) The owner of each lot that is included in a specified two-lot scheme and is covered by reinstatement insurance required to be taken out by the body corporate is liable to pay a contribution that is a proportionate amount of the premium for reinstatement insurance that reflects—
(a) for a lot created under a building or volumetric format plan of subdivision—the interest schedule lot entitlement of the lot; and
(b) for a lot created under a standard format plan of subdivision—the cost of reinstating the buildings on the lot.
(2) The body corporate may, by a lot owner agreement, adjust the contribution payable by an owner of a lot under subsection (1) in a way that fairly reflects—
(a) the extent to which the premium relates to fixtures and fittings that—
(i) form part of the lot; and
(ii) are generally of a higher standard than the fixtures and fittings of the other lot included in the scheme; or
(b) the extent to which the premium relates to improvements made to the common property that benefit the lot; or
(c) the proportion of the total risks covered by the policy attributable to activities carried on, or proposed to be carried on, on the owner's lot.