Full proposal
145 Full proposal
If approval of a plan of subdivision is obtained as referred to in section 144, the proponent of the proposal can then submit a full proposal for the termination of the community titles schemes to each community corporation in the community scheme.
However, a full proposal cannot be submitted to a community corporation —
if it is more than 12 months since the requirements of section 143 were met for the proposal; or
during any period for which the Tribunal has, on application by the community corporation or a related community corporation, prohibited termination proposals being submitted to the community corporation.
A community corporation to which a full proposal is submitted in accordance with this section must, within 14 days after being given the proposal, serve it on —
each owner, occupier, registered mortgagee, or caveator, of a lot in its community titles scheme; and
each person whose interest in a lot in the community titles scheme as a lessee, tenant or mortgagee is recorded in the scheme contacts register; and
each occupier of common property in its community titles scheme.
A community corporation must, as soon as practicable, after serving the proposal as required, give written notice to the tier 1 corporation of the date of service.
The tier 1 corporation must, within 14 days after being given a full proposal, lodge with the Registrar of Titles notice of receipt of the full proposal in the approved form.
Any modification of the full proposal proposed by the proponent must be submitted and served in the same manner as for the full proposal.
However, a modification cannot be submitted within 14 days before voting on the termination proposal opens.
This Act’s bill:Explanatory memorandumSecond reading speech
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