16Replacement of agent prescribed body corporate

#### 16 Replacement of agent prescribed body corporate (1) For subparagraph 60(a)(i) of the Act, the common law holders: (a) may apply to the Federal Court for a determination to replace an agent prescribed body corporate with another agent prescribed body corporate; and (b) if they do—must comply with the notification requirements mentioned in regulation 18. (2) The Federal Court: (a) must determine the application as soon as practicable after receiving the application; and (b) may make orders about any matter necessary or appropriate to give effect to the common law holders’ wishes, or to assist the transition to the replacement agent prescribed body corporate.