Theatre Royal Precinct Redevelopment Act 2016
42Orders in relation to acquisition of personal property
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42 Orders in relation to acquisition of personal property
(1) If, on an application made on grounds referred to in section 37(1)(d) , the Appeal Tribunal is satisfied that an acquisition, or proposed acquisition, of personal property by the body corporate is unreasonable, the Appeal Tribunal may order –
(a) if the property has not yet been acquired – that the property not be acquired; or
(b) if the property has been acquired – that the body corporate sell or dispose of it within a specified time and deal with any proceeds of sale as directed in the order.
(2) If, on an application made on grounds referred to in section 37(1)(d) , the Appeal Tribunal is satisfied that the body corporate has unreasonably refused to acquire personal property for the benefit of owners and occupiers of lots, the Appeal Tribunal may order the body corporate to acquire the property.