Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts36. After section 172 of the Principal Act the following section is inserted:
“172A. (1) The Executive shall not, under section 171, 171A or 172, grant a further lease of any unit, or the common property, forming part of a registered units plan otherwise than upon a joint application by the corporation on behalf of the lessees of all the units and on its own behalf.
“(2) On an application as referred to in subsection (1), the Executive shall grant a further lease of a unit, or of common property, forming part of a registered units plan only if—
(a) the Executive also grants a further lease of each other unit, and the common property, forming part of the units plan; and
(b) the term of each such further lease is the same.
“(3) Words and phrases used in this section have the same meaning as in the Unit Titles Act 1970 .”.