sec.124End of appointment of original owner of secondary lot as nominee for subsidiary body corporate

### sec.124 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 24, 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 ineligible associate was still the nominee for the subsidiary body corporate. Despite section 24A, the 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 24(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 24A(2)(b). subsidiary body corporate , under a building units or group titles plan subdividing a secondary lot within a residential zone, means the body corporate created by the registration of the plan. s 124 ins 2009 No. 26 s 108 (sec.124-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 24, 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 ineligible associate was still the nominee for the subsidiary body corporate. (sec.124-ssec.2) Despite section 24A, the 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 24(7)(b) of— the cancellation of the appointment; or the appointment of another nominee for the subsidiary body corporate. (sec.124-ssec.3) In this section— ineligible associate see section 24A(2)(b). subsidiary body corporate , under a building units or group titles plan subdividing a secondary lot within a residential zone, 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 24, 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 24, 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 - (b) immediately before the commencement, the original owner or ineligible associate was still the nominee for the subsidiary body corporate. - (i) a subsidiary body corporate under a building units or group titles plan appointed as its nominee, under section 24, 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 - (a) the beginning of the effective day; - (b) the secretary of the principal body corporate receives a written notice under section 24(7)(b) of— (i) the cancellation of the appointment; or (ii) the appointment of another nominee for the subsidiary body corporate. - (i) the cancellation of the appointment; or - (ii) the appointment of another nominee for the subsidiary body corporate. - (i) the cancellation of the appointment; or - (ii) the appointment of another nominee for the subsidiary body corporate.