159Lapsing of proposal

159 Lapsing of proposal

159 Lapsing of proposal

(1) This section applies if—

(a) the strata committee decides a strata renewal proposal does not warrant further consideration by the owners corporation and a qualified request to consider the proposal at a general meeting of the owners corporation has not been made within 44 days after the day the strata committee made the decision, or

(b) the owners corporation, under Division 3, decides a strata renewal proposal does not warrant investigation by a strata renewal committee.

(2) The strata renewal proposal lapses for the purpose of this Part when the decision is made.