Instruments required for terminating scheme
115U Instruments required for terminating scheme
If a community titles scheme is to be terminated, a plan cancelling the lots in the scheme must be lodged.
The plan must be lodged by or for—
the body corporate; or
if the District Court made an order under the BCCM Act, chapter 2, part 9, for terminating the scheme—a person on whose application the court made the order.
The plan must be accompanied by, as well as any other instrument required under this Act, a copy of—
if the scheme is terminated under a resolution, other than a termination resolution, of the body corporate—the resolution to terminate the scheme, and any agreement entered into about termination issues; or
if the scheme is terminated under a termination resolution of the body corporate—the termination resolution and the termination plan for the scheme; or
if the scheme is terminated under an order of the District Court—the order.
In this section—
termination issues see the BCCM Act, schedule 6.
termination plan see the BCCM Act, schedule 6.
termination resolution see the BCCM Act, schedule 6.
This Act’s bill:Explanatory memorandum
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