19. Control of licensed housing developer by company or statutory board

Where a company or statutory board has assumed control of the business of a licensed housing developer under section 18(2)(c), the company or statutory board is, subject to subsection (2), to remain in control of and continue to carry on the business of the licensed housing developer for the time that the Minister may by written order direct.

Where a company or statutory board has assumed control of the business of a licensed housing developer under section 18(2)(c) or ceases to control the business of a licensed housing developer under this section, the Controller must notify that fact in the Gazette.