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Strata Titles Act 1998
63Disposition of security
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### 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.
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> > (2) On an application under this section, the Supreme Court may order that the whole or part of the amount of the security –
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> > > > (a) be applied as directed by the Court towards completion of the scheme; or
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> > > > (b) be distributed among owners of lots who have suffered loss on a basis determined by the Court.