21EConversion of units into common property

21E Conversion of units into common property (1) Subject to subsection (2), one or more units may be converted into common property by the registration, as a notice of conversion, of a notice in a form approved by the Registrar-General, being a notice executed by the proprietor or proprietors of that unit or those units and by the body corporate. (2) A notice referred to in subsection (1) shall not be registered as a notice of conversion unless: (a) every mortgage, lien, charge, current lease, caveat or writ recorded in the land register in respect of each unit to which the notice relates has, in so far as it affects any such unit, been discharged or surrendered, or withdrawn or otherwise disposed of; and (b) the Registrar-General is satisfied that written notice of the intended conversion was given: (i) in the case of a parcel within a local government area – to the local government council; and (ii) in the case of a parcel within a prescribed area under the Northern Territory Rates Act 1971 – to the Minister responsible for the administration of that Act, not later than 3 months before the registration of the notice of conversion.