Subdivision Act 1988

the plan giving effect to the merger must specify the name (by reference to a relevant plan number) of the new owners corporation, the land affected by it, and all relevant lot entitlements and liabilities, and whether it is a limited or unlimited owners corporation; and

on the registration of that plan—

the merging owners corporations are dissolved; and

land affected by those owners corporations ceases to be so affected; and

the new owners corporation is the successor in law of the merging owners corporations; and

if a new limited owners corporation succeeds an unlimited owners corporation, the new owners corporation has, in respect of the assets, rights, liabilities and obligations which have passed to it from the unlimited owners corporation, all the functions, powers and duties of an unlimited owners corporation.