Northern Territory Numbered Regulations

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UNIT TITLES (MANAGEMENT MODULES) REGULATIONS (NO 22 OF 2009) - REG 5

Change in management module

    (1)     This regulation applies if the management module applying to the corporation for a plan changes because one of the following events happens:

(a)     the number of proprietors for the plan changes;

(b)     the plan becomes, or ceases to become, a units plan relating to an estate or condominium development.

    (2)     The management module applying to the corporation immediately before the event continues to apply to the corporation until 1 July immediately following the event.



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