61Appointment of administrator

61 Appointment of administrator (1) The Supreme Court may, on application by an interested person, appoint an administrator of the body corporate’s affairs for a fixed period, or until further order by the court. (2) An appointment may be made on terms the court considers appropriate. (3) The administrator is to be remunerated as decided by the court and the remuneration and expenses of the administrator are payable from the body corporate’s administrative fund. (4) The administrator has the functions and powers of the body corporate (or such of the functions and powers as the court may decide) to the exclusion of the functions and powers of the body corporate. (5) The administrator may delegate powers given under this section. Note For the making of delegations and the exercise of delegated functions, see the Legislation Act, pt 19.4. (6) The court may, on the application of an interested person, remove or replace the administrator. (7) If a person is appointed, removed or replaced as an administrator, the person must, within 7 days, give the registrar-general written notice of the appointment, removal or replacement. (8) In this section: interested person means— (b) a creditor of the body corporate; or (c) the owner of a lot in the community title scheme; or (d) the owner of a registered mortgage of a lot in the scheme.

Part 9 Transfer of title to land under registered schemes Division 9.1 Transfer of title to land to be developed Section 62 page 42 Community Title Act 2001 Part 9 Transfer of title to land under registered schemes Division 9.1 Transfer of title to land to be developed 62 Application—div 9.1 This division applies to land in a community title scheme that is to be developed or further developed in accordance with the scheme. 63 Acquisition of title to land under scheme A person who acquires title to land to which this division applies becomes bound to develop the land in accordance with the relevant community title scheme. 64 Assignment of land under scheme If the owner of land to which this division applies proposes to sell or dispose of the land— (a) the owner must give written notice of the proposed transaction to the territory planning authority; and (b) the person who is to acquire title to the land by the transaction must— (i) give to the territory planning authority a written undertaking to develop the land in accordance with the relevant community title scheme; and (ii) give the authority any security required by the authority, within 28 days after notice of the transaction was given to the authority, for the development of the land in accordance with the scheme.

Transfer of title to land under registered schemes Part 9 Sale of lots Division 9.2 Section 65