About
your Account
|
Body
Corporates
A Body Corporate is created through the process
of subdividing buildings or land. The lots created in a plan
of subdivision can be disposed of separately. The plan of subdivision
may provide for the creation of common property and one or
a number of Bodies Corporate. Where a subdivision plan contains
common property then a Body Corporate is required to be created.
However, it is also possible to have a Body Corporate where
there is no common property. When the subdivision plan is
registered by the Registrar of Titles the Body Corporate
becomes 'incorporated' as a separate legal entity.
The constitution
and operations of Bodies Corporate are regulated by the Subdivision
Act 1988 and the Subdivision (Body Corporate) Regulations 2001.
The
Body Corporate is responsible for the maintenance and proper
working order of the common sanitary drain and common water service
serving the allotments and/or common property.
|
