(1) A strata titles
scheme terminates (as set out in Division 6) as follows —
(a) a
leasehold scheme terminates on the expiry day for the scheme as referred to in
Division 2;
(b) a
leasehold or freehold scheme terminates —
(i)
if there is a termination proposal and the process
referred to in Division 3 is followed; or
(ii)
if all lots in the scheme are owned by the same person
and the process referred to in Division 4 is followed.
(2) Divisions 5 and 6
contain provisions relevant to the forms of termination of a strata titles
scheme set out in Divisions 2, 3 and 4.
(3) A strata titles
scheme also terminates as set out in Division 7 on the taking under the
Land Administration Act 1997 of all of the lots in a strata titles scheme and,
for a leasehold scheme, the reversionary interest of the owner of the
leasehold scheme.
[Section 171 inserted: No. 30 of 2018 s. 83.]
[Heading inserted: No. 30 of 2018 s. 83.]