sec.81LNotice of termination resolution

sec.81L Notice of termination resolution

This section applies if a motion for a termination resolution is considered by a body corporate for a community titles scheme. The body corporate must, within 2 weeks after the motion is decided, give each of the following entities a notice in the approved form advising the entity whether the motion is passed— each owner and registered mortgagee of a lot included in the scheme; each person who has a leasehold interest in a lot, or other scheme land, created by a lease or sublease for a term of 6 months or more; the caretaking service contractor for the scheme; the letting agent for the scheme. Also, if the motion is passed, the body corporate must, at the time the notice is given under subsection (2) , give each of the following entities a notice in the approved form advising that the motion is passed— the registrar; the local government in whose local government area the scheme land is located; if any scheme land is in a priority development area—MEDQ; if known—the proposed new owner of the scheme. The approved form must provide for the body corporate to include— a description of the obligations of each lot owner under the termination plan; and details about how a lot owner may challenge the termination resolution. s 81L ins 2023 No. 29 s 7 (sec.81L-ssec.1) This section applies if a motion for a termination resolution is considered by a body corporate for a community titles scheme. (sec.81L-ssec.2) The body corporate must, within 2 weeks after the motion is decided, give each of the following entities a notice in the approved form advising the entity whether the motion is passed— each owner and registered mortgagee of a lot included in the scheme; each person who has a leasehold interest in a lot, or other scheme land, created by a lease or sublease for a term of 6 months or more; the caretaking service contractor for the scheme; the letting agent for the scheme. (sec.81L-ssec.3) Also, if the motion is passed, the body corporate must, at the time the notice is given under subsection (2) , give each of the following entities a notice in the approved form advising that the motion is passed— the registrar; the local government in whose local government area the scheme land is located; if any scheme land is in a priority development area—MEDQ; if known—the proposed new owner of the scheme. (sec.81L-ssec.4) The approved form must provide for the body corporate to include— a description of the obligations of each lot owner under the termination plan; and details about how a lot owner may challenge the termination resolution.

• (a) each owner and registered mortgagee of a lot included in the scheme;
• (b) each person who has a leasehold interest in a lot, or other scheme land, created by a lease or sublease for a term of 6 months or more;
• (c) the caretaking service contractor for the scheme;