Australian Capital Territory Current Acts

UNIT TITLES ACT 2001 - SECT 162

On the registration of a cancellation authority or cancellation order—

        (a)     the units plan is cancelled; and

        (b)     the owners corporation is dissolved (see section 164); and

        (c)     the lease of the common property and the lease of each of the units end; and

        (d)     the land covered by those leases forms 1 parcel of land; and

        (e)     a new lease arises over that parcel in the terms provided by section 163.