Subpart 12Management structures and arrangements

Establishment and constitution of body corporate

75 Creation of body corporate
  • (1) When a unit plan is deposited under section 17 (and in the case of a staged development, when the first stage unit plan is deposited under section 24), a body corporate is created and is the body corporate for the unit title development created by the deposit of that unit plan.

    (2) When a unit plan is deposited under section 21 (and in the case of a staged development, when the first stage unit plan is deposited under section 24), a subsidiary body corporate is created and is the body corporate for the subsidiary unit title development created by the deposit of that unit plan.

    (3) The name of the body corporate for a unit plan is the words Body Corporate Number and the registered number of the unit plan.