(1) The body corporate may, after a special resolution to do so, over the whole or any part of the common property,—
(a) grant an easement in gross or for the benefit of any unit or any other land; or
(b) enter into a covenant for the benefit of any unit or any other land.
(2) The body corporate may, after a special resolution to do so, over any unit or any land that is not common property,—
(a) acquire an easement for the benefit of the common property; or
(b) enter into a covenant for the benefit of common property.
(3) The body corporate may, after a special resolution to do so, enter into a variation or surrender of—
(a) an easement or covenant over any unit or any land that is not common property for the benefit of the common property; or
(b) an easement or covenant over the common property for the benefit of any unit or any other land.
(4) Before dealing with common property under subsection (1), (2), or (3), a subsidiary body corporate must obtain the consent to the dealing by special resolution from—
(a) the body corporate for its parent unit title development; and
(b) the body corporate for any unit title development located between the subsidiary unit title development and its head unit title development; and
(c) the body corporate for its head unit title development.
(5) Sections 212 to 216 (which provide for an objection process) apply to a resolution under this section.
(6) In addition to the matters required to be included in the certificate referred to in section 216, the certificate must also certify that the consents required under subsection (4) have been given.
(7) Unless the body corporate resolves otherwise, any proceeds obtained by the body corporate as a result of any dealing with common property under subsections (1), (2), and (3) must be distributed to the unit owners.
(8) Proceeds distributed to the unit owners under subsection (7) must be distributed in shares proportional to what was, at the time of the dealing, their ownership interest (including any proposed ownership interest).