New South Wales Consolidated Acts

STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 177

177 Lapsing of plan

(1) A strata renewal plan lapses if--

(a) the owners corporation decides under this Division not to give the plan to the owners for their consideration, or

(b) within 3 months after the day the owners corporation decided to give the plan to the owners for their consideration, the required level of support for the plan has not been obtained, or

(c) the owners corporation decides not to apply to the court under Division 6 for an order to give effect to the plan, or

(d) if an application is made under Division 6 to the court for an order to give effect to the plan--the court decides not to make the order.

(2) If a strata renewal plan lapses under subsection (1), it ceases to have any force or effect for the purpose of this Part.

(3) The owners corporation must, as soon as practicable after the strata renewal plan lapses, give written notice of that fact to the Registrar-General.

(4) On receiving the notice, the Registrar-General must make appropriate recordings in the folio for the common property in the strata scheme to show that the scheme is no longer the subject of a strata renewal plan.