63Disposition of security

### 63 Disposition of security > > (1)  If a developer has given a security for due completion of the scheme, an owner of a lot who has suffered a loss as a result of the developer's failure to complete the development in accordance with the terms of the scheme may apply to the Supreme Court for an order under this section. > > > (2)  On an application under this section, the Supreme Court may order that the whole or part of the amount of the security – > > > > > > (a) be applied as directed by the Court towards completion of the scheme; or > > > > > > > (b) be distributed among owners of lots who have suffered loss on a basis determined by the Court.