Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) The Supreme Court may, on application by an interested person, appoint an administrator of the body corporate's affairs for a fixed period, or until further order by the court.
(2) An appointment may be made on terms the court considers appropriate.
(3) The administrator is to be remunerated as decided by the court and the remuneration and expenses of the administrator are payable from the body corporate's administrative fund.
(4) The administrator has the functions and powers of the body corporate (or such of the functions and powers as the court may decide) to the exclusion of the functions and powers of the body corporate.
(5) The administrator may delegate powers given under this section.
Note For the making of delegations and the exercise of delegated functions, see the Legislation Act, pt 19.4.
(6) The court may, on the application of an interested person, remove or replace the administrator.
(7) If a person is appointed, removed or replaced as an administrator, the person must, within 7 days, give the registrar-general written notice of the appointment, removal or replacement.
Note 1 If a form is approved under the Land Titles Act 1925 , s 140 for a notice, the form must be used.
Note 2 A fee may be determined under the Land Titles Act 1925 , s 139 for this subsection.
(8) In this section:
"interested person" means—
(a) the body corporate; or
(b) a creditor of the body corporate; or
(c) the owner of a lot in the community title scheme; or
(d) the owner of a registered
mortgage of a lot in the scheme.