Victorian Consolidated Legislation

Subdivision Act 1988 - SECT 27

How is an owners corporation created?

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.