New South Wales Consolidated Acts
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STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 28
Termination of strata scheme
(1) An owners corporation for a strata scheme that is subject to an order
under the Strata Schemes Development Act 2015 for the termination of the
strata scheme continues in existence until it is wound up in accordance with
the order.
(2) While it so continues in existence, the owners corporation is
constituted of persons who the order specifies are liable to contribute money
required for the discharge of the liabilities of the owners corporation and
persons who the order specifies are entitled to share in a distribution of
assets of the owners corporation.
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