Strata Titles Act 1998

A body corporate established for a strata scheme has the following functions:to enforce the by-laws; to control, manage and improve the common property; to maintain the common property in good condition and keep it in good and serviceable repair; to maintain the insurance required under this Act and any further insurance that may be required by ordinary resolution of the owners; to allocate spaces to lots for vehicle parking on the common property; to carry out other functions for the benefit of the owners.

If 2 or more bodies corporate are established for a strata scheme, the functions referred to in subsection (1) are to be divided between them in accordance with the relevant constituent documents.

A body corporate established for a community scheme has the functions and duties assigned to it by the constituent documents of the body corporate that form part of the registered scheme.

A body corporate may establish and operate a business situated on the common property or, with the owner's consent, on a lot if – the business – is conducted according to law; and is related to use and enjoyment of the lots and common property by owners or occupiers of lots; and is not conducted outside the site; and does not prevent the reasonable use and enjoyment of the site by the owners or occupiers of lots; and separate records of the business are kept.

A body corporate may operate a retirement village, within the meaning of the Retirement Villages Act 2004, subject to that Act and to subsection (4) of this section.