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.