(1) A termination
proposal can only proceed further if, within 3 months after an outline of the
proposal has been submitted as required under section 174 —
(a) for
a freehold scheme — the strata company passes an ordinary resolution
supporting consideration of a full proposal; and
(b) for
a leasehold scheme —
(i)
the owner of the leasehold scheme gives written notice to
the strata company supporting consideration of a full proposal; and
(ii)
the strata company passes an ordinary resolution
supporting consideration of a full proposal.
(2) For a 2-lot
scheme, an ordinary resolution is taken to be passed supporting consideration
of a full proposal if the vote attached to 1 of the lots is cast in favour of
the resolution (regardless of the unit entitlement of the lot).
[Section 176 inserted: No. 30 of 2018 s. 83.]