Introduction
140 Introduction
The termination of a community titles scheme may be proposed by a person (the proponent) who is —
the owner of a lot in the community scheme; or
a person who has a contractual right to purchase a lot in the community scheme; or
a body corporate formed by 2 or more such persons.
If it is proposed to terminate a tier 2 scheme, the proposal must include a proposal to terminate each tier 3 scheme that belongs to the tier 2 scheme.
If it is proposed to terminate a tier 1 scheme, the proposal must include a proposal to terminate each tier 2 scheme that belongs to the tier 1 scheme.
This Act’s bill:Explanatory memorandumSecond reading speech
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