ACTIn ForceAct
Unit Titles Act 2001
162Cancellation of units plan—effects
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162 Cancellation of units plan—effects On the registration of a cancellation authority or cancellation order— (a) the units plan is cancelled; and (b) the owners corporation is dissolved (see section 164); and
Effects of cancellation Division 11.3 (c) the lease of the common property and the lease of each of the units end; and (d) the land covered by those leases forms 1 parcel of land; and (e) a new lease arises over that parcel in the terms provided by section 163.