(1) An outline of a
termination proposal must —
(a)
specify the name and address for service of the proponent of the proposal; and
(b)
identify the strata titles scheme proposed to be terminated; and
(c)
provide an explanation of the reasons for proposing termination of the strata
titles scheme, including (without limitation), if the difficulty of raising
sufficient contributions for repair of scheme buildings or infrastructure on
common property is a reason for the proposal, a statement of that reason; and
(d)
describe, in general terms, any proposals for contracts to be offered to
owners of lots in the strata titles scheme; and
(e)
describe, in general terms, what is proposed in terms of subdivision and
development of the land following termination of the strata titles scheme; and
(f)
describe the planning approvals required for the proposal described under
paragraph (e) and the extent to which the proposal does not comply with a
relevant planning scheme or interim development order in force under the
Planning and Development Act 2005 ; and
(g)
indicate, in general terms, the stages and timeframes for progress of the
proposal if it proceeds; and
(h)
provide an explanation, in the approved form, of the process for, and
consequences of, termination of a strata titles scheme under this Division;
and
(i)
provide, in accordance with the regulations, details of
proposed arrangements for obtaining independent advice or representation
referred to in section 190; and
(j)
include any other information required by the regulations.
(2) This section does
not limit the matters that can be included in an outline of a termination
proposal.
(3) An outline of a
termination proposal must be in the approved form.
[Section 175 inserted: No. 30 of 2018 s. 83.]