Limited owners corporations
27C Limited owners corporations
S. 27C(1) repealed by No. 42/2017 s. 59(2).
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S. 27C(2) substituted by No. 42/2017 s. 59(3).
The purposes of a limited owners corporation must be provided to the Registrar in a manner acceptable to the Registrar.
Only the members of a limited owners corporation affecting a lot are entitled to use any common property affected by that limited owners corporation.
The plan may be accompanied by a document specifying the functions or obligations of the limited owners corporation under the Owners Corporations Act 2006 that are to be carried out or complied with by the unlimited owners corporation affecting the land affected by the limited owners corporation.
If a document accompanying a plan specifies functions or obligations as provided for in subsection (4), then, despite anything to the contrary in the Owners Corporations Act 2006, on the registration of the plan—
the unlimited owners corporation must carry out those functions or comply with those obligations instead of the limited owners corporation; and
the limited owners corporation is not required to carry out those functions or comply with those obligations.
Example
A document accompanying a plan may specify that the unlimited owners corporation is to issue owners corporation certificates instead of the limited owners corporation.
S. 27D inserted by No. 69/2006 s. 211.
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