144Power to terminate existing leases

144 Power to terminate existing leases (1) The Director, after giving not less than 90 days' notice to a co-operative specified in Schedule 9, may terminate any lease existing on 1 July 2005 between the Director and that co-operative. (2) The Director may refuse to renew any lease existing on 1 July 2005 between the Director and a co-operative specified in Schedule 9. (3) Subsections (1) and (2) apply despite any option to renew in the relevant lease. (4) No compensation is payable by the Director to a co-operative for— (a) the termination under this section of a lease with the co-operative; or (b) a refusal under this section to renew any lease with the co-operative. (5) If a co-operative specified in Schedule 9 changes its name before, on or after 1 July 2005, the reference to the co-operative in this section is to be taken to be a reference to a co-operative by its new name. S. 144(6) inserted by No. 40/2022 s. 43(3). (6) On and from the commencement of section 43 of the **Residential Tenancies, Housing and Social Services Regulation Amendment (Administration and Other Matters) Act 2022**, a reference to the Director in this section includes a reference to Homes Victoria. S. 145 inserted by No. 73/2005 s. 4(Sch. 2 item 4).