Northern Territory Consolidated Acts

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UNIT TITLES ACT - SECT 36A

Apportionment of expenditure in respect of condominium or estate development

Notwithstanding anything in this Part, moneys due to or held by a corporation immediately before the registration of a units plan relating to a second or subsequent completed stage of a condominium development or estate development shall be apportioned for expenditure on or in relation to the completed units and common property in the condominium development or estate development immediately before the registration of the units plan relating to that second or subsequent completed stage of the condominium development or estate development.



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