Withdrawal of termination proposal
186 Withdrawal of termination proposal
If the proponent of a termination proposal makes a decision not to proceed with the proposal, the proponent must, as soon as reasonably practicable, withdraw the proposal by written notice to the strata company and, if it is a leasehold scheme, the owner of the leasehold scheme.
A strata company that is given written notice of the withdrawal of a termination proposal from the proponent of the proposal must, within 14 days after being given the notice —
serve the notice on each person who is —
the owner of a lot in the strata titles scheme; or
if the full proposal for the termination of the strata titles scheme has been served by the strata company — the occupier of a lot or the common property in the strata titles scheme; or
a registered mortgagee of a lot in the strata titles scheme;
and
lodge with the Registrar of Titles notice of the withdrawal of the proposal in the approved form.
[Section 186 inserted: No. 30 of 2018 s. 83.]
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