Australian Capital Territory Current Acts

UNIT TITLES (MANAGEMENT) ACT 2011 - SECT 97

    (1)     This section applies if a charge declared under section 96 has been registered, and—

        (a)     the entire amount for which the charge was declared is paid, together with interest on the amount under section 94; or

        (b)     the owners corporation considers that the charge is no longer required.

    (2)     The owners corporation must—

        (a)     revoke the declaration of the charge; and

        (b)     lodge with the registrar-general a copy of the revocation, certified as a true copy by the executive committee; and

        (c)     give a copy of the revocation to the unit owner and anyone else who has an interest in the unit.

    (3)     The discharge under this section of a charge takes effect on the registration of the revocation of the charge.