sec.189End of appointment of original owner of secondary lot as nominee for subsidiary body corporate

sec.189 End of appointment of original owner of secondary lot as nominee for subsidiary body corporate

This section applies if— before the commencement— a subsidiary body corporate under a building units or group titles plan appointed as its nominee, under section 140, the original owner of the secondary lot subdivided by the plan or an ineligible associate of the original owner; and the original owner ceased to own more than 50% of the lots; and immediately before the commencement, the original owner or associate was still the nominee for the subsidiary body corporate. Despite section 140A, the original owner’s or associate’s appointment as the nominee for the subsidiary body corporate ends when the first of the following happens— the beginning of the effective day; the secretary of the principal body corporate receives a written notice under section 140(7)(b) of— the cancellation of the appointment; or the appointment of another nominee for the subsidiary body corporate. In this section— ineligible associate see section 140A(2)(b). subsidiary body corporate , under a building units or group titles plan subdividing a secondary lot within a residential precinct, means the body corporate created by the registration of the plan. s 189 ins 2009 No. 26 s 46 (sec.189-ssec.1) This section applies if— before the commencement— a subsidiary body corporate under a building units or group titles plan appointed as its nominee, under section 140, the original owner of the secondary lot subdivided by the plan or an ineligible associate of the original owner; and the original owner ceased to own more than 50% of the lots; and immediately before the commencement, the original owner or associate was still the nominee for the subsidiary body corporate. (sec.189-ssec.2) Despite section 140A, the original owner’s or associate’s appointment as the nominee for the subsidiary body corporate ends when the first of the following happens— the beginning of the effective day; the secretary of the principal body corporate receives a written notice under section 140(7)(b) of— the cancellation of the appointment; or the appointment of another nominee for the subsidiary body corporate. (sec.189-ssec.3) In this section— ineligible associate see section 140A(2)(b). subsidiary body corporate , under a building units or group titles plan subdividing a secondary lot within a residential precinct, means the body corporate created by the registration of the plan.

• (a) before the commencement— (i) a subsidiary body corporate under a building units or group titles plan appointed as its nominee, under section 140, the original owner of the secondary lot subdivided by the plan or an ineligible associate of the original owner; and (ii) the original owner ceased to own more than 50% of the lots; and
• (i) a subsidiary body corporate under a building units or group titles plan appointed as its nominee, under section 140, the original owner of the secondary lot subdivided by the plan or an ineligible associate of the original owner; and