Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1066

1066. (1) For the purposes of this Division, a deed is an approved deed if:

   (a)  an approval has been granted to the deed under this Division or a
        corresponding law;

   (b)  an approval has been granted under this Division or a corresponding
        law to the trustee or representative appointed for the purposes of the
        deed acting as trustee or representative and that approval has not
        been revoked and the trustee or representative has not ceased to hold
        office; and

   (c)  the deed, or a copy of the deed verified by a written statement, has
        been lodged with the Commission, or was lodged before the commencement
        of this Part with the NCSC.

(2) Where a deed ceases after the commencement of this Division to be an
approved deed, the management company may nevertheless comply with the terms
of a buy-back covenant contained or deemed to be contained in the deed.