sec.115GPeriod of reservation

### sec.115G Period of reservation The reservation of an identifying name for a proposed community titles scheme is for an initial period of 2 years and may be extended by the registrar, but only once, for an additional period of 1 year. The extension may be given only on an application made, within the initial period, by the person for whom the name is reserved. However, the reservation ends if— the person withdraws the reservation; or a community titles scheme is established and the reserved name is the identifying name shown in the community management statement for the scheme. s 115G ins 2003 No. 6 s 152 (sec.115G-ssec.1) The reservation of an identifying name for a proposed community titles scheme is for an initial period of 2 years and may be extended by the registrar, but only once, for an additional period of 1 year. (sec.115G-ssec.2) The extension may be given only on an application made, within the initial period, by the person for whom the name is reserved. (sec.115G-ssec.3) However, the reservation ends if— the person withdraws the reservation; or a community titles scheme is established and the reserved name is the identifying name shown in the community management statement for the scheme. - (a) the person withdraws the reservation; or - (b) a community titles scheme is established and the reserved name is the identifying name shown in the community management statement for the scheme.