115G
In forcePeriod of reservation
Part 6ACommunity titles schemes
Division 2Names of community titles schemes
115G Period of reservation
(1)
The reservation of an identifying name for a proposed community titles scheme is for an initial period of 2 years and may be extended by the registrar, but only once, for an additional period of 1 year.
(2)
The extension may be given only on an application made, within the initial period, by the person for whom the name is reserved.
(3)
However, the reservation ends if—
(a)
the person withdraws the reservation; or
(b)
a community titles scheme is established and the reserved name is the identifying name shown in the community management statement for the scheme.
This Act’s bill:Explanatory memorandum
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