NSWIn ForceAct
Strata Schemes Development Act 2015
136Order to terminate strata scheme
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#### 136 Order to terminate strata scheme
136 Order to terminate strata scheme
> > (1) The court may, on an application made under section 135, make an order terminating a strata scheme (a termination order).
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> > (2) A termination order may include directions about any of the following—
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> > > (a) the sale or disposition of property of the owners corporation,
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> > > (b) the discharge of the liabilities of the owners corporation,
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> > > (c) the termination of any development scheme that relates to the parcel and the cancellation of the strata development contract,
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> > > (d) the termination or amendment of a strata management statement that relates to the parcel,
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> > > (e) the persons liable to contribute amounts required for the discharge of the liabilities of the owners corporation and the proportionate liability of the persons,
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> > > (f) the distribution of the assets of the owners corporation and the proportionate entitlement of each person under the distribution,
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> > > (g) the administration, powers, authorities, duties and functions of the owners corporation,
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> > > (h) the voting power at meetings of the owners corporation of persons referred to in paragraph (e) or (f),
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> > > (i) the winding up of the owners corporation, including the appointment, powers, authorities, duties and functions of any person to carry out the winding up,
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> > > (j) any matter in relation to which the court considers it just and equitable, in the circumstances of the case, to make provision in the order.
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> > (3) The court may, from time to time, change a termination order on the application of any person entitled to appear and be heard on the hearing of the application for the order.