Northern Territory Numbered Regulations Northern Territory Numbered Regulations(1) The scheme supervisor may:
(a) on the application of a person intending to register the first scheme statement of a scheme – approve changes to the management module that would otherwise apply to the scheme (the applying module ); and
(b) on the application of the body corporate of a scheme – approve changes to the management module currently applying to the scheme (the applying module ).
Note for subregulation (1)
The Unit Title Schemes (Management Modules) Regulations prescribe management modules that apply to various schemes.
(2) The application must be made in the approved form.
(3) Without limiting what may be required by the approved form, the application must be accompanied by the following:
(a) a document setting out the changes;
(b) a document setting out the applying module incorporating the changes.
(4) The fee payable for the application is 120 revenue units.
(5) The scheme supervisor may approve changes to the applying module only if satisfied the applying module incorporating the changes (the modified module ):
(a) adequately deals with all the matters covered by the applying module; and
(b) is fair and equitable.
(6) The scheme supervisor must tell the Registrar-General about the approval.
(7) The modified module applies to the scheme only if:
(a) the modified module is registered under subregulation (8); and
(b) if subregulation (1)(a) applies to the approval – the registration is made before or when the first scheme statement of the scheme is registered.
(8) The Registrar-General must, on the application of a person who has been given approval for a modified module under subregulation (1), register the modified module.
(9) However, the Registrar-General must not do so if:
(a) subregulation (1)(a) applies to the approval; and
(b) the first scheme statement of the scheme has been registered.
(10) The Registrar-General may register a modified module in a way decided by the Registrar-General.