TASIn ForceAct
Strata Titles Act 1998
70Period of reservation
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### 70 Period of reservation
> > (1) The reservation of a name is for an initial period of 2 years and may be extended by the Recorder for an additional period of one year.
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> > (2) The extension may be granted on an application made within the initial period by the person for whom the name is reserved.
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> > (3) A reservation lapses if –
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> > > > (a) the person for whose benefit the name was reserved withdraws the reservation; or
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> > > > (b) a plan is registered in which the reserved name is given to the scheme.