(1) The body corporate for a unit title development may apply to the Registrar for the cancellation of the unit plan that relates to that unit title development.
(2) The application must be made in the prescribed form.
(3) Before making an application under subsection (1), the body corporate must agree by special resolution to the cancellation.
(4) Sections 212 to 216 (which provide for an objection process) apply to a resolution under this section.
(5) Before making the application for cancellation of the unit plan, the body corporate must (in addition to complying with section 213(1))—
(a) serve a copy of the draft application on—
(i) every unit owner; and
(ii) every person who has a registered interest in, or caveat or notice of claim entered on the register over, any unit or the common property; and
(b) if the unit title development is a stratum estate in leasehold, serve a copy of the resolution and the draft application on the lessor of the base land.
(6) In addition to the matters required to be included in the certificate required under section 216, the body corporate must also certify that—
(a) the documents required by subsection (5) to be served have been served on the persons specified in that subsection; and
(b) if an objection was made under section 213 and the High Court confirmed the resolution, the standard period for lodging any appeal in respect of the matter has expired or the outcome of any appeal or appeals is that the decision of the High Court to confirm the resolution is upheld; and
(c) all rates assessed in respect of the units and the common property have been paid.
(7) The application for cancellation of the unit plan must be accompanied by a certificate from a registered valuer reassessing the ownership interests and proposed ownership interests (if any) of all the units in the unit title development.