85Effects of amalgamation of community title schemes

85 Effects of amalgamation of community title schemes When scheme A and scheme B are amalgamated— (a) a liability for a charge, levy, rate or tax that has accrued on a lot included in scheme A or scheme B before the schemes ceased to exist as community title schemes is not affected; and (b) anything done in relation to scheme A or scheme B before the amalgamation continues in effect so far as there is no inconsistency with the management statement recorded for scheme C, including, for example, the following: (i) an order of a court relating to a lot; (ii) obligations attaching to the owner of each lot.

General Division 12.1 Section 86 Part 12 Termination of community title Division 12.1 General 86 Purpose—pt 12 (1) This part provides for the complete termination of a community title scheme, including the dissolution of the body corporate. (2) Only a basic scheme may be terminated. (3) Consequently, to terminate a community title scheme other than a basic scheme, it is necessary for the scheme first to become a basic 87 Definitions—pt 12 In this part: basic scheme means a community title scheme that consists entirely of lots that are registered under the Land Titles Act 1925 and that are not— (a) land of another community title scheme; or (b) land that has been subdivided under the Unit Titles Act 2001. termination issues means— (a) the disposal, and disposition of proceeds from the disposal, of the land that, immediately before the termination of a community title scheme, is scheme land; and (b) custody, management and distribution (including the disposal, and disposition of proceeds from the disposal) of items of property that, immediately before the termination of a community title scheme are body corporate assets; and

Section 88 page 56 Community Title Act 2001 (c) the sharing of liabilities that, immediately before the termination of a community title scheme, are liabilities of the body corporate.