34GWinding up of an owners corporation

34G Winding up of an owners corporation (1) An owners corporation, a member of the owners corporation, an administrator of an owners corporation or a registered mortgagee may apply to the Victorian Civil and Administrative Tribunal for the winding up of the owners corporation. (2) The Victorian Civil and Administrative Tribunal may order the owners corporation to be wound up if it decides that is just and equitable. (3) A person claiming an estate or interest in the land, a creditor of the owners corporation and an insurer who has insurance over any part of the land have a right to be heard in an application. (4) Notice of an application must be served on the Registrar who must record the notice in the prescribed manner. (5) The Victorian Civil and Administrative Tribunal may make any directions or impose any conditions or vary, modify or cancel the order as it thinks fit. S. 34H inserted by No. 69/2006 s. 211.