(1) A proposal for the
termination of a strata titles scheme is a unanimous owner‑initiated
termination proposal if —
(a) the
proponent is one or more of the owners of lots in the strata titles scheme;
and
(b) the
termination proposal is submitted by the proponent on condition that the
termination proposal will be proceeded with only if it has the unanimous
support of owners of lots in the strata titles scheme.
(2) A termination
proposal has the unanimous support of owners of lots in a strata titles scheme
if, on a vote under section 182, the termination proposal is passed as
provided for by section 182(6).
Note for this regulation:
A termination proposal
that has unanimous support of owners of lots in a strata titles scheme does
not require the confirmation of the Tribunal. If the termination resolution is
passed as provided for by section 182(6), an application can be made to
the Registrar of Titles for the termination of the scheme under
section 193.