Establishment of body or bodies corporate
71 Establishment of body or bodies corporate
On registration of a strata plan, a body corporate is established under the name Strata Corporation No. ....... with the addition of the name of the strata scheme.
On registration of a community development scheme, a body corporate is established under the name stated in the registered scheme.
A body corporate established under this section – has perpetual succession and a common seal; and may sue or be sued in its corporate name.
A body corporate established under this Act is declared to be an excluded matter for the purposes of section 5F of the Corporations Act in relation to the whole of the Corporations legislation.
A body corporate must, as soon as practicable after it is established, appoint a chairperson, secretary and treasurer.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.