SUBDIVISION ACT 1988 - SECT 27 How is an owners corporation created?
SUBDIVISION ACT 1988 - SECT 27
How is an owners corporation created?(1) A plan may provide for the creation of one or more owners corporations consisting of the owners of specified lots.
(2) An owners corporation may be—
(a) an unlimited owners corporation; or
(b) a limited owners corporation.
(3) The plan must specify whether an owners corporation is an unlimited owners corporation or a limited owners corporation.
(4) The plan must specify the lots and common property to be affected by the owners corporation.
S. 27A inserted by No. 69/2006 s. 211.