Northern Territory Consolidated Acts

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UNIT TITLES ACT - SECT 95A

Cancellation of units plan by consent

    (1)     The proprietors of the units of a units plan may, by unanimous resolution at a general meeting of the corporation called for that purpose, authorise the corporation to apply for the cancellation of the units plan.

    (2)     As soon as practicable after being so authorised the corporation shall, in the prescribed form, apply to the Registrar-General for the cancellation of the units plan.

    (3)     An application under subsection (2) shall be accompanied by the consent in writing to the proposed cancellation of each of the proprietors and the fee prescribed under the Registration Act .

    (4)     On an application under subsection (2) being registered, sections 96 and 97, with the necessary changes, apply as if the application were a final order of the Court made under section 95.



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