New South Wales Consolidated Acts
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STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 149
Dispute about value of improvements
149 Dispute about value of improvements
(1) If there is a dispute about the amount of compensation to be paid to an
owner or former owner for the value of improvements attributable to a lot, the
dispute must be resolved-- (a) in the way provided for under the lease of the
lot or agreed to by the parties to the dispute (for example, 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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