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Owner Information
The purpose of the information provided on our website is to assist committee members and owners in understanding what a body corporate is and what responsibilities and rights an Owner or their tenant has under the Body Corporate and Community Management Act 1997.
These information pages are a guide and are intended to assist committee members and owners in gaining a basic understanding of the legislation and is not intended in any way to give advice of a legal nature. Owners considering matters of a legal nature should seek the advice of a competent professional.
We hope that you find our website to be of value and we welcome your input in advising of any other relevant information you would feel beneficial.
- A Body corporate is a legal entity created when land is subdivided and registered to establish a community titles scheme.
- The scheme can be a duplex, a residential unit block, a high rise accommodation building, a shopping complex or a business park.
Am I part of the Body Corporate?
- Every owner of a lot in a community titles scheme is automatically a member of the body corporate.
What is the Role of the Body Corporate?
The legislation provides a body corporate with necessary powers to carry out its duties. The body corporate:
- has a general responsibility to maintain, manage and control the common property for the benefit of owners
- determines the contributions payable by owners to fund the operation of the body corporate
- must have public risk insurance over the common property to provide coverage for compensation for death, illness or injury and damage to property to at least $10 million for a single event
- can establish rules that relate to the:
- Management and control of common property and body corporate assets
- Use and enjoyment of lots, common property and assets (these rules must be in the form of by=laws which can be enforced by the body corporate)
- must keep records including minutes of general and committee meetings, a roll of owners, financial accounts and registers of assets, engagements and authorisations.
