New South Wales Consolidated Acts

STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 136

136 Order to terminate strata scheme

(1) The court may, on an application made under section 135, make an order terminating a strata scheme (a
"termination order" ).

(2) A termination order may include directions about any of the following--

(a) the sale or disposition of property of the owners corporation,

(b) the discharge of the liabilities of the owners corporation,

(c) the termination of any development scheme that relates to the parcel and the cancellation of the strata development contract,

(d) the termination or amendment of a strata management statement that relates to the parcel,

(e) the persons liable to contribute amounts required for the discharge of the liabilities of the owners corporation and the proportionate liability of the persons,

(f) the distribution of the assets of the owners corporation and the proportionate entitlement of each person under the distribution,

(g) the administration, powers, authorities, duties and functions of the owners corporation,

(h) the voting power at meetings of the owners corporation of persons referred to in paragraph (e) or (f),

(i) the winding up of the owners corporation, including the appointment, powers, authorities, duties and functions of any person to carry out the winding up,

(j) any matter in relation to which the court considers it just and equitable, in the circumstances of the case, to make provision in the order.

(3) The court may, from time to time, change a termination order on the application of any person entitled to appear and be heard on the hearing of the application for the order.