Victorian Consolidated Legislation

Subdivision Act 1988 - SECT 32AH

Merger of owners corporations

32AH. Merger of owners corporations

If an owners corporation merges with another owners corporation-

   (a)  the plan giving effect to the merger must specify the name (by
        reference to a relevant plan number) of the new owners corporation,
        the land affected by it, and all relevant lot entitlements and
        liabilities, and whether it is a limited or unlimited owners
        corporation; and

   (b)  on the registration of that plan-

   (i)  the merging owners corporations are dissolved; and

   (ii) land affected by those owners corporations ceases to be so affected;
        and

   (iii) the new owners corporation is the successor in law of the merging
        owners corporations; and

   (iv) if a new limited owners corporation succeeds an unlimited owners
        corporation, the new owners corporation has, in respect of the assets,
        rights, liabilities and obligations which have passed to it from the
        unlimited owners corporation, all the functions, powers and duties of
        an unlimited owners corporation.