Strata Schemes Development Act 2015

If the court makes an order giving effect to a strata renewal plan for a strata scheme, the order may include directions about any of the following matters—

the termination of the scheme, including, for example, the day on which the scheme is to be terminated and the day on which vacant possession of lots and common property in the scheme is to be given,

the winding up of the owners corporation of the scheme,

the discharge of the liabilities of the owners corporation,

the persons liable to contribute amounts required for the discharge of the liabilities of the owners corporation and the proportionate liability of the persons,

the distribution of the assets of the owners corporation and the proportionate entitlement of each person under the distribution,

any other matter prescribed by the regulations.

The owners corporation must lodge the order for registration within 7 days after it is made.

The Registrar-General must record the order on the folio for the common property and for each lot in the strata scheme.

The order has effect under this Part when the Registrar-General makes the record under subsection (3).