sec.70Registration

sec.70 Registration

If the Supreme Court makes an order under section 69 , the registrar of titles must take the action necessary to give effect to the order on lodgement for registration of a request to register the order. If the relevant body corporate resolves to extinguish a plan, it must lodge with the registrar of titles— a request to extinguish the plan; and a copy of the unanimous resolution. A request under subsection (1) or (2) may be registered only if every registered interest in the land the subject of the plan has been discharged, surrendered, withdrawn or otherwise disposed of. On registration of a request under subsection (1) or (2) — the plan is extinguished; and the relevant body corporate is wound up; and the land comprised in the extinguished plan is vested— in the case of a building units plan—in the proprietors in shares proportional to the lot entitlements of the proprietors’ respective lots; or in the case of a group titles plan or plans that create initial lots or secondary lots—in the proprietors in the shares agreed by the proprietors by unanimous resolution or in the shares ordered by the Supreme Court; and all property of the body corporate is vested in the proprietors in the same shares as the land comprised in the plan is vested under paragraph (c) . s 70 ins 1993 No. 46 s 22 (sec.70-ssec.1) If the Supreme Court makes an order under section 69 , the registrar of titles must take the action necessary to give effect to the order on lodgement for registration of a request to register the order. (sec.70-ssec.2) If the relevant body corporate resolves to extinguish a plan, it must lodge with the registrar of titles— a request to extinguish the plan; and a copy of the unanimous resolution. (sec.70-ssec.3) A request under subsection (1) or (2) may be registered only if every registered interest in the land the subject of the plan has been discharged, surrendered, withdrawn or otherwise disposed of. (sec.70-ssec.4) On registration of a request under subsection (1) or (2) — the plan is extinguished; and the relevant body corporate is wound up; and the land comprised in the extinguished plan is vested— in the case of a building units plan—in the proprietors in shares proportional to the lot entitlements of the proprietors’ respective lots; or in the case of a group titles plan or plans that create initial lots or secondary lots—in the proprietors in the shares agreed by the proprietors by unanimous resolution or in the shares ordered by the Supreme Court; and all property of the body corporate is vested in the proprietors in the same shares as the land comprised in the plan is vested under paragraph (c) .

• (a) a request to extinguish the plan; and
• (b) a copy of the unanimous resolution.
• (a) the plan is extinguished; and
• (b) the relevant body corporate is wound up; and