Queensland Consolidated Acts Queensland Consolidated Acts(1) A building management statement may be extinguished by registering an instrument of extinguishment of the building management statement.
(2) A building management statement may be extinguished in part to remove a lot that is not contained in, or does not contain, a building or a part of a building, by registering an instrument of partial extinguishment of the building management statement.
(3) The instrument of extinguishment or partial extinguishment must be signed by the registered owners of all lots to which the building management statement applies.
(4) However, a building management statement may be extinguished or partially extinguished only if all registered mortgagees of lots to which the building management statement applies consent to the extinguishment.