Victorian Consolidated Legislation

Subdivision Act 1988 - SECT 28

Creation of owners corporation

28. Creation of owners corporation



(1) In addition to section 24, when a plan providing for the creation of one
or more owners corporations or containing common property is registered-

   (a)  each owners corporation for which the plan provides is incorporated;
        and

   (b)  the owners of the specified lots become the first members of the
        owners corporation; and

   (c)  the owners for the time being of the lots are the members of the
        owners corporation.





(2) An owners corporation has perpetual succession and a common seal and is
capable of suing and being sued in its own name.

Note An owners corporation has the powers and functions set out in Division 1
of Part 2 of the Owners Corporations Act 2006.