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STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 139
Dealing with disputes about value of improvements for leasehold strata schemes
139 Dealing with disputes about value of improvements for
leasehold strata schemes
(1) If, in relation to a former lot in a leasehold strata scheme that is
terminated by a termination order, there is a dispute about the amount of
compensation to be paid for the value of improvements attributable to the lot,
the dispute must be resolved-- (a) if provided for under the lease of the lot
or the parties to the dispute otherwise agree--by arbitration under the
Commercial Arbitration Act 2010 , or
(b) otherwise--by order of the court.
(2) An application for an order of the court may be made by any party to the
dispute.
(3) Notice of the application must be served, in accordance with
rules of court, on the persons directed by the court.
(4) As far as
practicable, all applications relating to the same leasehold strata scheme
must be heard together.
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