97Security for unpaid amounts—discharge

97 Security for unpaid amounts—discharge (1) This section applies if a charge declared under section 96 has been registered, and— (a) the entire amount for which the charge was declared is paid, together with interest on the amount under section 94; or (b) the owners corporation considers that the charge is no longer required. (2) The owners corporation must— (a) revoke the declaration of the charge; and (b) lodge with the registrar-general a copy of the revocation, certified as a true copy by the executive committee; and (c) give a copy of the revocation to the unit owner and anyone else who has an interest in the unit. (3) The discharge under this section of a charge takes effect on the registration of the revocation of the charge.