BdyAltReport

The Community Title Scheme was created under the provisions of the Building Unit
and Group Titles Act 1980 (BUGTA) by carrying out a Group Title subdivision of the
parent Lot. The 2 Lots created by a Group Title Scheme are freehold Lots with
Common Property.

The Building Unit and Group Titles Act 1980 was repealed in 1997 and replaced by
the Body Corporate and Community Management Act 1997.

Similar Community Titles Schemes created under the provisions of the Body
Corporate and Community Management Act 1997 create Standard Format Lots with
Common Property.

2. PROPOSAL

It is intended to realign the common boundaries of the Lots of the Community Title
Scheme as shown on the Plan of Proposed Reconfiguration (Ref: 93-223AB
contained in Appendix B).

The proposed new common boundaries are located to reflect the terrain, significant
vegetation, mapped koala habitat and utilizes the existing property boundaries. The
new lot layout reflects the use of the property and will improve the management and
rehabilitation of the land.

The proposed new Lots contain 15.73ha each and the Common Property has been
reduced to 1713m?. The Common Property contains stock yards that are utilized by
the owners of both Lots.

The proposed new Lots contain the relevant structures, driveways, services and
effluent disposal areas of the Lots.

The existing driveway access points onto Eastern Branch Road and Williams Road
will continue to be utilised following the Reconfiguration; and the provision of power
and telecommunication services will remain in their current configuration following the
Reconfiguration; as they are available to both proposed Lots.

The existing Lots contain boundaries within the external boundaries totalling 899.97
metres. The proposed Lots will contain boundaries within the external boundaries
totalling 884.97 metres. Therefore there is a minor reduction in the length
boundaries of the development.

The realignment has no impact upon the adjoining properties or upon the existing
services. The new Lot areas will be within the range of the areas of adjacent
properties.