Australian Capital Territory Current Acts

UNIT TITLES ACT 2001 - SECT 161B

    (1)     On an application for a cancellation order for a units plan, the Supreme Court may make a provisional cancellation order for the units plan imposing conditions or giving directions (or both) to be complied with before the court makes a cancellation order.

    (2)     The Supreme Court may make a provisional cancellation order for a units plan only if satisfied that—

        (a)     it is necessary for either or both of the following purposes:

              (i)     to protect the interests of the Territory;

              (ii)     to adjust the rights and duties of everyone who has registered interests in the units, between each other, to the extent that the rights and duties may be affected by the cancellation of the units plan; and

        (b)     it is just and equitable to make the order having regard to the interests of everyone with interests in the units.

    (3)     A provisional cancellation order remains in force for the period stated in the order.